Filed April 29, 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 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).
Assets per participant exceed $250,000 - top-decile high-value plan.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $607,848 | $72,404+739.5% | $110,238+451.4% | $64,186+847.0% |
| Participation rate | 11.9% | 73.3%-61.4pp | 79.8%-67.9pp | 69.6%-57.6pp |
| Annual return | -4.12% | -6.29%+2.2pp | 314.74%-318.9pp | 7.63%-11.8pp |
| Employer contribution / active EE | $2,567 | $2,282+12.5% | $3,826-32.9% | $2,381+7.8% |
| Participant deferral / active EE | $4,423 | $3,469+27.5% | $4,672-5.3% | $3,470+27.5% |
| Admin fee / account holder | $174,431 | $5,664+2979.4% | $8,547+1940.8% | $4,888+3468.5% |