Filed April 27, 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 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.)
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 | $16,706 | $43,327-61.4% | $59,878-72.1% | $64,186-74.0% |
| Participation rate | 59.2% | 69.2%-10.0pp | 74.7%-15.5pp | 69.6%-10.4pp |
| Annual return | -12.01% | -1.55%-10.5pp | 3.46%-15.5pp | 7.63%-19.6pp |
| Employer contribution / active EE | $1,381 | $2,028-31.9% | $2,722-49.2% | $2,381-42.0% |
| Participant deferral / active EE | $1,865 | $2,546-26.8% | $3,402-45.2% | $3,470-46.3% |
| Admin fee / account holder | $1,810 | $3,005-39.8% | $3,590-49.6% | $4,888-63.0% |