Filed December 16, 2020
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 7-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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $16,333 | $78,672-79.2% | $109,143-85.0% | $85,850-81.0% |
| Participation rate | 85.7% | 68.3%+17.4pp | 75.9%+9.8pp | 69.3%+16.4pp |
| Annual return | 17.71% | 25.09%-7.4pp | 25.75%-8.0pp | 318.53%-300.8pp |
| Employer contribution / active EE | $1,762 | $2,735-35.6% | $3,722-52.7% | $2,565-31.3% |
| Participant deferral / active EE | $2,267 | $3,467-34.6% | $4,653-51.3% | $3,952-42.6% |
| Admin fee / account holder | $766 | $5,469-86.0% | $6,752-88.7% | $6,260-87.8% |