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 | $27,459 | $77,899-64.8% | $149,673-81.7% | $75,163-63.5% |
| Participation rate | 51.0% | 65.6%-14.6pp | 78.8%-27.8pp | 67.2%-16.2pp |
| Annual return | 22.88% | 31.72%-8.8pp | 134.42%-111.5pp | 160.62%-137.7pp |
| Employer contribution / active EE | $1,311 | $3,137-58.2% | $4,818-72.8% | $2,670-50.9% |
| Participant deferral / active EE | $2,435 | $3,411-28.6% | $5,680-57.1% | $4,125-41.0% |
| Admin fee / account holder | $346 | $5,956-94.2% | $13,210-97.4% | $5,651-93.9% |