Filed April 21, 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 | $39,300 | $71,192-44.8% | $117,854-66.7% | $62,292-36.9% |
| Participation rate | 56.4% | 74.2%-17.9pp | 79.7%-23.3pp | 69.5%-13.2pp |
| Annual return | 12.22% | 18.66%-6.4pp | 335.08%-322.9pp | 28.90%-16.7pp |
| Employer contribution / active EE | $0 | $1,934-100.0% | $3,786-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $1,983 | $3,189-37.8% | $4,482-55.8% | $3,169-37.4% |
| Admin fee / account holder | $4,353 | $587+641.2% | $8,020-45.7% | $479+808.0% |