Filed December 20, 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.
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 | $8,927 | $39,122-77.2% | $57,179-84.4% | $62,891-85.8% |
| Participation rate | 41.8% | 70.5%-28.7pp | 75.3%-33.6pp | 69.3%-27.5pp |
| Annual return | 9.79% | 9.23%+0.6pp | 14.59%-4.8pp | 20.14%-10.3pp |
| Employer contribution / active EE | $0 | $1,874-100.0% | $2,682-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $1,703 | $2,374-28.3% | $3,096-45.0% | $3,203-46.8% |
| Admin fee / account holder | $1,181 | $2,592-54.4% | $3,139-62.4% | $4,296-72.5% |