Filed October 11, 2020
Unlock peer percentile detail for $4.99 your first month
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Unlock 6-year trajectory for $4.99 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 | $19,301 | $73,787-73.8% | $98,716-80.4% | $82,448-76.6% |
| Participation rate | 23.5% | 61.4%-37.9pp | 69.3%-45.8pp | 68.1%-44.5pp |
| Annual return | 19.34% | 18.57%+0.8pp | 31.81%-12.5pp | 41.64%-22.3pp |
| Employer contribution / active EE | $547 | $1,511-63.8% | $2,279-76.0% | $2,551-78.6% |
| Participant deferral / active EE | $1,617 | $3,081-47.5% | $4,048-60.0% | $4,139-60.9% |
| Admin fee / account holder | $1,568 | $6,500-75.9% | $8,703-82.0% | $7,234-78.3% |