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.)
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 | $27,952 | $45,073-38.0% | $69,455-59.8% | $72,985-61.7% |
| Participation rate | 17.9% | 68.5%-50.6pp | 74.6%-56.8pp | 69.5%-51.6pp |
| Annual return | 18.81% | 22.65%-3.8pp | 28.97%-10.2pp | 81.00%-62.2pp |
| Employer contribution / active EE | $1,133 | $2,054-44.8% | $2,779-59.2% | $2,440-53.6% |
| Participant deferral / active EE | $1,583 | $2,602-39.2% | $3,535-55.2% | $3,607-56.1% |
| Admin fee / account holder | $1,321 | $3,056-56.8% | $3,839-65.6% | $5,124-74.2% |