Filed December 12, 2014
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 | $68,208 | $49,173+38.7% | $121,098-43.7% | $75,163-9.3% |
| Participation rate | 39.8% | 55.4%-15.6pp | 69.5%-29.7pp | 67.2%-27.4pp |
| Annual return | 19.65% | 55.99%-36.3pp | 985.75%-966.1pp | 160.62%-141.0pp |
| Employer contribution / active EE | $1,083 | $1,546-29.9% | $4,164-74.0% | $2,670-59.4% |
| Participant deferral / active EE | $2,072 | $2,628-21.2% | $4,080-49.2% | $4,125-49.8% |
| Admin fee / account holder | $1,354 | $3,942-65.6% | $5,644-76.0% | $5,651-76.0% |