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 | $83,631 | $57,281+46.0% | $86,612-3.4% | $75,163+11.3% |
| Participation rate | 54.3% | 63.2%-8.8pp | 71.7%-17.3pp | 67.2%-12.8pp |
| Annual return | 33.56% | 2670.75%-2637.2pp | 591.07%-557.5pp | 160.62%-127.1pp |
| Employer contribution / active EE | $2,339 | $2,314+1.1% | $3,022-22.6% | $2,670-12.4% |
| Participant deferral / active EE | $4,189 | $3,318+26.3% | $4,438-5.6% | $4,125+1.5% |
| Admin fee / account holder | $1,923 | $4,112-53.2% | $5,614-65.7% | $5,651-66.0% |