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.
Participant 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 | $58,831 | $76,367-23.0% | $93,606-37.2% | $72,985-19.4% |
| Participation rate | 23.3% | 71.7%-48.5pp | 75.8%-52.6pp | 69.5%-46.2pp |
| Annual return | 30.95% | 25.82%+5.1pp | 32.76%-1.8pp | 81.00%-50.0pp |
| Employer contribution / active EE | $0 | $2,275-100.0% | $2,718-100.0% | $2,440-100.0% |
| Participant deferral / active EE | $618 | $3,538-82.5% | $4,069-84.8% | $3,607-82.9% |
| Admin fee / account holder | $1,855 | $6,838-72.9% | $7,888-76.5% | $5,124-63.8% |