Filed June 13, 2016
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 10-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.
Participant 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.)
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 | $23,098 | $72,177-68.0% | $115,037-79.9% | $59,632-61.3% |
| Participation rate | 39.4% | 72.6%-33.1pp | 81.4%-41.9pp | 68.7%-29.2pp |
| Annual return | -0.14% | 12.02%-12.2pp | 26.14%-26.3pp | 2041.28%-2041.4pp |
| Employer contribution / active EE | $721 | $2,841-74.6% | $4,608-84.4% | $2,203-67.3% |
| Participant deferral / active EE | $1,973 | $4,783-58.7% | $6,026-67.3% | $3,192-38.2% |
| Admin fee / account holder | $2,860 | $4,927-42.0% | $8,175-65.0% | $4,297-33.5% |