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.
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 | $73,713 | $79,944-7.8% | $98,439-25.1% | $75,163-1.9% |
| Participation rate | 27.2% | 70.4%-43.2pp | 75.2%-48.0pp | 67.2%-40.0pp |
| Annual return | 13.49% | 19.75%-6.3pp | 21.16%-7.7pp | 160.62%-147.1pp |
| Employer contribution / active EE | $882 | $2,264-61.0% | $3,048-71.1% | $2,670-67.0% |
| Participant deferral / active EE | $1,882 | $3,752-49.8% | $4,738-60.3% | $4,125-54.4% |
| Admin fee / account holder | $25,931 | $6,840+279.1% | $8,948+189.8% | $5,651+358.9% |