Filed December 18, 2019
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 5-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 | $27,302 | $95,416-71.4% | $185,823-85.3% | $85,850-68.2% |
| Participation rate | 50.0% | 68.8%-18.8pp | 81.7%-31.7pp | 69.3%-19.3pp |
| Annual return | 268.54% | 23.59%+245.0pp | 122.05%+146.5pp | 318.53%-50.0pp |
| Employer contribution / active EE | $1,525 | $3,314-54.0% | $5,167-70.5% | $2,565-40.6% |
| Participant deferral / active EE | $2,547 | $3,423-25.6% | $5,568-54.3% | $3,952-35.5% |
| Admin fee / account holder | $403 | $7,213-94.4% | $16,237-97.5% | $6,260-93.6% |