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 | $29,394 | $48,230-39.1% | $67,502-56.5% | $80,856-63.6% |
| Participation rate | 51.4% | 66.4%-15.0pp | 72.9%-21.5pp | 67.6%-16.3pp |
| Annual return | 10.68% | 18.28%-7.6pp | 3512.12%-3501.4pp | 35.59%-24.9pp |
| Employer contribution / active EE | $1,243 | $2,020-38.5% | $2,731-54.5% | $2,755-54.9% |
| Participant deferral / active EE | $1,739 | $2,924-40.5% | $4,000-56.5% | $4,296-59.5% |
| Admin fee / account holder | $2,166 | $3,681-41.2% | $3,998-45.8% | $6,918-68.7% |