Filed August 19, 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.)
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 | $26,244 | $29,319-10.5% | $52,425-49.9% | $82,448-68.2% |
| Participation rate | 29.3% | 46.9%-17.6pp | 55.6%-26.4pp | 68.1%-38.8pp |
| Annual return | 17.00% | 535.20%-518.2pp | 302.12%-285.1pp | 41.64%-24.6pp |
| Employer contribution / active EE | $357 | $586-39.1% | $914-60.9% | $2,551-86.0% |
| Participant deferral / active EE | $1,127 | $1,171-3.8% | $1,790-37.1% | $4,139-72.8% |
| Admin fee / account holder | $669 | $1,962-65.9% | $2,495-73.2% | $7,234-90.8% |