Filed September 7, 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 | $44,456 | $69,977-36.5% | $108,579-59.1% | $62,891-29.3% |
| Participation rate | 66.7% | 72.9%-6.2pp | 79.6%-12.9pp | 69.3%-2.6pp |
| Annual return | 6.16% | 10.73%-4.6pp | -51.70%+57.9pp | 20.14%-14.0pp |
| Employer contribution / active EE | $895 | $2,135-58.1% | $3,758-76.2% | $2,281-60.7% |
| Participant deferral / active EE | $2,209 | $3,165-30.2% | $4,311-48.7% | $3,203-31.0% |
| Admin fee / account holder | $969 | $5,076-80.9% | $7,645-87.3% | $4,296-77.4% |