Filed June 28, 2019
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 7-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.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $20,963 | $104,829-80.0% | $142,942-85.3% | $79,634-73.7% |
| Participation rate | 4.3% | 66.2%-61.8pp | 76.8%-72.5pp | 62.5%-58.2pp |
| Annual return | 14.91% | 15.48%-0.6pp | 113.70%-98.8pp | 36.46%-21.6pp |
| Employer contribution / active EE | $0 | $3,867-100.0% | $4,139-100.0% | $2,529-100.0% |
| Participant deferral / active EE | $387 | $5,222-92.6% | $7,128-94.6% | $3,835-89.9% |
| Admin fee / account holder | $476 | $887-46.3% | $12,475-96.2% | $1,002-52.5% |