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.
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.)
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 | $25,130 | $80,968-69.0% | $96,544-74.0% | $75,163-66.6% |
| Participation rate | 46.8% | 71.8%-25.0pp | 76.0%-29.2pp | 67.2%-20.4pp |
| Annual return | 22.19% | 27.06%-4.9pp | 25.84%-3.6pp | 160.62%-138.4pp |
| Employer contribution / active EE | $706 | $2,282-69.1% | $2,965-76.2% | $2,670-73.6% |
| Participant deferral / active EE | $3,853 | $3,928-1.9% | $4,851-20.6% | $4,125-6.6% |
| Admin fee / account holder | $742 | $6,724-89.0% | $8,252-91.0% | $5,651-86.9% |