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 | $50,453 | $56,114-10.1% | $96,139-47.5% | $85,850-41.2% |
| Participation rate | 46.6% | 56.7%-10.1pp | 68.4%-21.9pp | 69.3%-22.7pp |
| Annual return | 13.93% | 42.30%-28.4pp | 191.94%-178.0pp | 318.53%-304.6pp |
| Employer contribution / active EE | $1,808 | $1,620+11.6% | $2,797-35.3% | $2,565-29.5% |
| Participant deferral / active EE | $2,993 | $2,859+4.7% | $4,349-31.2% | $3,952-24.3% |
| Admin fee / account holder | $1,696 | $3,768-55.0% | $5,537-69.4% | $6,260-72.9% |