Filed May 11, 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 6-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.
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 | $18,419 | $86,286-78.7% | $111,297-83.5% | $85,850-78.5% |
| Participation rate | 70.0% | 73.3%-3.3pp | 77.3%-7.3pp | 69.3%+0.7pp |
| Annual return | 19.05% | 19.99%-0.9pp | 54.65%-35.6pp | 318.53%-299.5pp |
| Employer contribution / active EE | $444 | $2,043-78.3% | $2,731-83.7% | $2,565-82.7% |
| Participant deferral / active EE | $3,784 | $3,641+3.9% | $4,487-15.7% | $3,952-4.2% |
| Admin fee / account holder | $2,689 | $8,188-67.2% | $7,964-66.2% | $6,260-57.0% |