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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $58,666 | $54,350+7.9% | $82,719-29.1% | $68,494-14.3% |
| Participation rate | 48.9% | 63.9%-15.0pp | 72.6%-23.6pp | 67.9%-19.0pp |
| Annual return | -30.36% | -13.67%-16.7pp | 701.18%-731.5pp | -7.84%-22.5pp |
| Employer contribution / active EE | $1,696 | $2,218-23.5% | $3,009-43.6% | $2,596-34.7% |
| Participant deferral / active EE | $3,245 | $3,2460% | $4,395-26.2% | $4,027-19.4% |
| Admin fee / account holder | $1,681 | $4,395-61.8% | $5,329-68.5% | $5,403-68.9% |