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 | $65,246+41.0% | $98,716-6.8% | $67,986+35.3% |
| Participation rate | 41.5% | 51.4%-10.0pp | 69.3%-27.8pp | 57.2%-15.7pp |
| Annual return | 9.51% | 20.58%-11.1pp | 31.81%-22.3pp | 31.67%-22.2pp |
| Employer contribution / active EE | $663 | $1,042-36.4% | $2,279-70.9% | $2,019-67.2% |
| Participant deferral / active EE | $3,362 | $2,594+29.6% | $4,048-16.9% | $3,358+0.1% |
| Admin fee / account holder | $25,781 | $4,561+465.3% | $8,703+196.2% | $3,203+704.9% |