Filed May 22, 2017
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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $92,017 | $66,098+39.2% | $101,794-9.6% | $74,304+23.8% |
| Participation rate | 41.5% | 53.8%-12.3pp | 69.2%-27.7pp | 60.3%-18.9pp |
| Annual return | 9.51% | 19.59%-10.1pp | 30.53%-21.0pp | 29.43%-19.9pp |
| Employer contribution / active EE | $663 | $1,082-38.7% | $2,289-71.0% | $2,241-70.4% |
| Participant deferral / active EE | $3,362 | $2,781+20.9% | $4,084-17.7% | $3,767-10.8% |
| Admin fee / account holder | $25,781 | $4,146+521.8% | $8,777+193.7% | $2,969+768.4% |