Filed October 21, 2019
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,650 | $73,933-54.5% | $96,683-65.2% | $75,163-55.2% |
| Participation rate | 53.2% | 66.4%-13.2pp | 74.3%-21.2pp | 67.2%-14.0pp |
| Annual return | 19.21% | 26.70%-7.5pp | 35.69%-16.5pp | 160.62%-141.4pp |
| Employer contribution / active EE | $2,336 | $2,928-20.2% | $3,737-37.5% | $2,670-12.5% |
| Participant deferral / active EE | $3,195 | $3,659-12.7% | $4,878-34.5% | $4,125-22.5% |
| Admin fee / account holder | $1,729 | $5,216-66.9% | $6,730-74.3% | $5,651-69.4% |