Filed February 4, 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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $17,562 | $53,596-67.2% | $90,645-80.6% | $64,186-72.6% |
| Participation rate | 34.0% | 64.5%-30.5pp | 74.0%-40.0pp | 69.6%-35.5pp |
| Annual return | -14.79% | 4.41%-19.2pp | 1.88%-16.7pp | 7.63%-22.4pp |
| Employer contribution / active EE | $43 | $1,503-97.2% | $2,532-98.3% | $2,381-98.2% |
| Participant deferral / active EE | $2,024 | $2,459-17.7% | $3,425-40.9% | $3,470-41.7% |
| Admin fee / account holder | $2,318 | $3,868-40.1% | $4,994-53.6% | $4,888-52.6% |