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 | $30,400-13.7% | $53,898-51.3% | $84,808-69.1% |
| Participation rate | 29.3% | 46.4%-17.2pp | 55.0%-25.7pp | 68.3%-39.0pp |
| Annual return | 17.00% | 500.19%-483.2pp | 528.60%-511.6pp | 40.90%-23.9pp |
| Employer contribution / active EE | $357 | $603-40.7% | $932-61.7% | $2,631-86.4% |
| Participant deferral / active EE | $1,127 | $1,199-6.0% | $1,826-38.3% | $4,212-73.2% |
| Admin fee / account holder | $669 | $1,993-66.5% | $2,491-73.2% | $7,344-90.9% |