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 | $99,957 | $87,013+14.9% | $106,213-5.9% | $80,856+23.6% |
| Participation rate | 17.7% | 70.4%-52.7pp | 75.3%-57.6pp | 67.6%-49.9pp |
| Annual return | 10.75% | 17.05%-6.3pp | 116.14%-105.4pp | 35.59%-24.8pp |
| Employer contribution / active EE | $832 | $2,395-65.2% | $3,171-73.8% | $2,755-69.8% |
| Participant deferral / active EE | $1,769 | $3,986-55.6% | $5,016-64.7% | $4,296-58.8% |
| Admin fee / account holder | $12,367 | $8,431+46.7% | $11,033+12.1% | $6,918+78.8% |