Filed April 14, 2016 (most recent of 2 filings on file)
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.
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 | $62,012 | $94,031-34.1% | $115,768-46.4% | $82,448-24.8% |
| Participation rate | 51.2% | 70.4%-19.2pp | 74.4%-23.2pp | 68.1%-16.8pp |
| Annual return | 16.89% | 20.61%-3.7pp | 100.46%-83.6pp | 41.64%-24.7pp |
| Employer contribution / active EE | $0 | $2,323-100.0% | $2,940-100.0% | $2,551-100.0% |
| Participant deferral / active EE | $6,066 | $3,972+52.7% | $4,917+23.4% | $4,139+46.6% |
| Admin fee / account holder | $3,159 | $10,249-69.2% | $12,439-74.6% | $7,234-56.3% |