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 | $23,857 | $95,803-75.1% | $113,168-78.9% | $84,808-71.9% |
| Participation rate | 48.3% | 72.9%-24.6pp | 76.6%-28.3pp | 68.3%-20.0pp |
| Annual return | 18.86% | 25.00%-6.1pp | 24.27%-5.4pp | 40.90%-22.0pp |
| Employer contribution / active EE | $675 | $2,360-71.4% | $2,975-77.3% | $2,631-74.4% |
| Participant deferral / active EE | $3,634 | $4,242-14.3% | $5,107-28.8% | $4,212-13.7% |
| Admin fee / account holder | $2,810 | $8,989-68.7% | $12,068-76.7% | $7,344-61.7% |