Filed May 10, 2018
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.
Employer 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.)
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 | $58,061 | $64,909-10.6% | $82,313-29.5% | $62,292-6.8% |
| Participation rate | 57.3% | 74.9%-17.6pp | 76.9%-19.6pp | 69.5%-12.2pp |
| Annual return | 14.81% | 21.18%-6.4pp | 25.88%-11.1pp | 28.90%-14.1pp |
| Employer contribution / active EE | $381 | $1,676-77.3% | $2,428-84.3% | $2,042-81.3% |
| Participant deferral / active EE | $2,113 | $3,103-31.9% | $3,706-43.0% | $3,169-33.3% |
| Admin fee / account holder | $3,045 | $440+592.7% | $5,608-45.7% | $479+535.2% |