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 | $60,199 | $60,124+0.1% | $90,404-33.4% | $79,858-24.6% |
| Participation rate | 38.2% | 65.0%-26.8pp | 72.7%-34.5pp | 69.6%-31.5pp |
| Annual return | 32.65% | 71.94%-39.3pp | 1293.02%-1260.4pp | 31.71%+0.9pp |
| Employer contribution / active EE | $1,559 | $2,068-24.6% | $3,262-52.2% | $2,471-36.9% |
| Participant deferral / active EE | $2,346 | $2,938-20.1% | $3,963-40.8% | $3,740-37.3% |
| Admin fee / account holder | $2,216 | $3,976-44.3% | $5,611-60.5% | $5,306-58.2% |