Filed January 8, 2015
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.
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 | $73,770 | $76,000-2.9% | $154,107-52.1% | $64,186+14.9% |
| Participation rate | 37.9% | 70.4%-32.5pp | 83.0%-45.2pp | 69.6%-31.7pp |
| Annual return | -7.05% | 30.32%-37.4pp | 735.12%-742.2pp | 7.63%-14.7pp |
| Employer contribution / active EE | $1,114 | $3,351-66.7% | $5,298-79.0% | $2,381-53.2% |
| Participant deferral / active EE | $2,815 | $3,175-11.3% | $5,081-44.6% | $3,470-18.9% |
| Admin fee / account holder | $1,391 | $5,596-75.1% | $13,411-89.6% | $4,888-71.5% |