Filed March 11, 2020
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 | $44,318 | $54,762-19.1% | $90,281-50.9% | $72,985-39.3% |
| Participation rate | 34.7% | 65.1%-30.4pp | 73.3%-38.5pp | 69.5%-34.7pp |
| Annual return | 31.12% | 30.63%+0.5pp | 78.10%-47.0pp | 81.00%-49.9pp |
| Employer contribution / active EE | $846 | $2,092-59.6% | $2,854-70.4% | $2,440-65.3% |
| Participant deferral / active EE | $1,321 | $2,887-54.2% | $3,885-66.0% | $3,607-63.4% |
| Admin fee / account holder | $2,421 | $3,972-39.1% | $5,351-54.8% | $5,124-52.8% |