Filed January 29, 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 8-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.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $5,328 | $102,317-94.8% | $146,958-96.4% | $80,856-93.4% |
| Participation rate | 88.2% | 75.8%+12.3pp | 82.2%+6.0pp | 67.6%+20.5pp |
| Annual return | 0.00% | 134.76%-134.8pp | 418.34%-418.3pp | 35.59%-35.6pp |
| Employer contribution / active EE | $583 | $3,713-84.3% | $4,933-88.2% | $2,755-78.8% |
| Participant deferral / active EE | $983 | $6,644-85.2% | $8,070-87.8% | $4,296-77.1% |
| Admin fee / account holder | $1,080 | $7,941-86.4% | $12,998-91.7% | $6,918-84.4% |