Filed August 20, 2017
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 8-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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $42,139 | $95,971-56.1% | $74,550-43.5% | $135,375-68.9% |
| Participation rate | 28.6% | 75.7%-47.1pp | 69.1%-40.6pp | 82.6%-54.1pp |
| Annual return | -12.27% | 56.96%-69.2pp | 32.53%-44.8pp | 519.73%-532.0pp |
| Employer contribution / active EE | $323 | $2,716-88.1% | $1,961-83.5% | $4,779-93.2% |
| Participant deferral / active EE | $2,635 | $3,843-31.4% | $3,108-15.2% | $5,609-53.0% |
| Admin fee / account holder | $555 | $6,522-91.5% | $5,060-89.0% | $10,827-94.9% |