Filed May 2, 2016
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 5-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 | $94,987 | $39,019+143.4% | $80,716+17.7% | $85,850+10.6% |
| Participation rate | 63.9% | 41.5%+22.3pp | 54.2%+9.7pp | 69.3%-5.4pp |
| Annual return | 12.70% | 26.27%-13.6pp | 87.28%-74.6pp | 318.53%-305.8pp |
| Employer contribution / active EE | $3,149 | $722+336.1% | $1,160+171.5% | $2,565+22.8% |
| Participant deferral / active EE | $5,524 | $1,326+316.7% | $2,146+157.5% | $3,952+39.8% |
| Admin fee / account holder | $2,343 | $2,431-3.6% | $3,380-30.7% | $6,260-62.6% |