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.
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 | $24,867 | $86,929-71.4% | $102,423-75.7% | $80,856-69.2% |
| Participation rate | 41.2% | 72.4%-31.2pp | 76.5%-35.3pp | 67.6%-26.5pp |
| Annual return | 21.70% | 18.88%+2.8pp | 29.32%-7.6pp | 35.59%-13.9pp |
| Employer contribution / active EE | $409 | $2,369-82.8% | $3,023-86.5% | $2,755-85.2% |
| Participant deferral / active EE | $3,195 | $4,118-22.4% | $5,053-36.8% | $4,296-25.6% |
| Admin fee / account holder | $10,722 | $8,049+33.2% | $9,451+13.5% | $6,918+55.0% |