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 | $116,798 | $58,208+100.7% | $81,812+42.8% | $80,856+44.5% |
| Participation rate | 50.0% | 63.4%-13.4pp | 72.3%-22.3pp | 67.6%-17.6pp |
| Annual return | 20.80% | 41.66%-20.9pp | 773.79%-753.0pp | 35.59%-14.8pp |
| Employer contribution / active EE | $2,719 | $2,340+16.2% | $2,912-6.6% | $2,755-1.3% |
| Participant deferral / active EE | $4,684 | $3,281+42.8% | $4,319+8.5% | $4,296+9.0% |
| Admin fee / account holder | $3,291 | $4,981-33.9% | $7,386-55.4% | $6,918-52.4% |