Filed July 11, 2019
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 6-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 | $108,498 | $49,173+120.6% | $121,098-10.4% | $75,163+44.3% |
| Participation rate | 57.9% | 55.4%+2.5pp | 69.5%-11.6pp | 67.2%-9.3pp |
| Annual return | 14.29% | 55.99%-41.7pp | 985.75%-971.5pp | 160.62%-146.3pp |
| Employer contribution / active EE | $2,079 | $1,546+34.5% | $4,164-50.1% | $2,670-22.1% |
| Participant deferral / active EE | $5,078 | $2,628+93.3% | $4,080+24.5% | $4,125+23.1% |
| Admin fee / account holder | $639 | $3,942-83.8% | $5,644-88.7% | $5,651-88.7% |