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 | $88,369 | $27,915+216.6% | $58,482+51.1% | $75,163+17.6% |
| Participation rate | 68.0% | 38.8%+29.2pp | 50.9%+17.1pp | 67.2%+0.8pp |
| Annual return | 18.37% | 44.20%-25.8pp | 4239.32%-4220.9pp | 160.62%-142.2pp |
| Employer contribution / active EE | $3,023 | $669+351.8% | $1,053+187.0% | $2,670+13.2% |
| Participant deferral / active EE | $5,678 | $1,201+372.7% | $1,924+195.2% | $4,125+37.7% |
| Admin fee / account holder | $701 | $1,726-59.4% | $2,516-72.1% | $5,651-87.6% |