Filed January 10, 2017
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.)
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 | $60,801 | $52,681+15.4% | $75,781-19.8% | $59,632+2.0% |
| Participation rate | 19.6% | 67.2%-47.6pp | 75.8%-56.2pp | 68.7%-49.1pp |
| Annual return | -0.38% | 2.95%-3.3pp | 9.68%-10.1pp | 2041.28%-2041.7pp |
| Employer contribution / active EE | $0 | $2,193-100.0% | $3,323-100.0% | $2,203-100.0% |
| Participant deferral / active EE | $1,016 | $2,591-60.8% | $3,651-72.2% | $3,192-68.2% |
| Admin fee / account holder | $2,637 | $3,610-27.0% | $5,299-50.2% | $4,297-38.6% |