Filed August 30, 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).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,974 | $48,046-58.4% | $84,611-76.4% | $72,985-72.6% |
| Participation rate | 26.3% | 57.6%-31.3pp | 68.2%-42.0pp | 69.5%-43.2pp |
| Annual return | 22.68% | 37.38%-14.7pp | 258.74%-236.1pp | 81.00%-58.3pp |
| Employer contribution / active EE | $726 | $1,602-54.7% | $2,652-72.6% | $2,440-70.3% |
| Participant deferral / active EE | $1,014 | $2,680-62.2% | $3,899-74.0% | $3,607-71.9% |
| Admin fee / account holder | $1,063 | $3,395-68.7% | $4,912-78.4% | $5,124-79.3% |