Filed April 4, 2016
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 | $78,565 | $99,985-21.4% | $146,665-46.4% | $85,850-8.5% |
| Participation rate | 63.3% | 73.1%-9.8pp | 80.1%-16.8pp | 69.3%-6.0pp |
| Annual return | 11.36% | 18.93%-7.6pp | 22.74%-11.4pp | 318.53%-307.2pp |
| Employer contribution / active EE | $1,094 | $2,559-57.3% | $4,136-73.6% | $2,565-57.4% |
| Participant deferral / active EE | $2,775 | $4,006-30.7% | $5,506-49.6% | $3,952-29.8% |
| Admin fee / account holder | $2,623 | $7,702-65.9% | $10,280-74.5% | $6,260-58.1% |