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 | $112,734 | $29,660+280.1% | $56,411+99.8% | $80,856+39.4% |
| Participation rate | 53.8% | 41.6%+12.2pp | 52.5%+1.4pp | 67.6%-13.8pp |
| Annual return | 12.89% | 35.23%-22.3pp | 1701.33%-1688.4pp | 35.59%-22.7pp |
| Employer contribution / active EE | $3,221 | $669+381.2% | $1,039+210.1% | $2,755+16.9% |
| Participant deferral / active EE | $6,121 | $1,226+399.3% | $1,952+213.6% | $4,296+42.5% |
| Admin fee / account holder | $7,937 | $2,428+226.9% | $2,829+180.6% | $6,918+14.7% |