Filed July 21, 2016
Total covered: 10 employees
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 | $28,302 | $80,753-65.0% | $136,294-79.2% | $62,292-54.6% |
| Participation rate | 65.0% | 73.5%-8.5pp | 81.9%-16.9pp | 69.5%-4.5pp |
| Annual return | 22.08% | 35.83%-13.7pp | 5155.94%-5133.9pp | 28.90%-6.8pp |
| Employer contribution / active EE | $1,070 | $2,884-62.9% | $4,695-77.2% | $2,042-47.6% |
| Participant deferral / active EE | $3,438 | $5,164-33.4% | $6,247-45.0% | $3,169+8.5% |
| Admin fee / account holder | $2,478 | $525+371.7% | $9,243-73.2% | $479+417.0% |