Filed November 4, 2016
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 | $22,392 | $63,156-64.5% | $122,332-81.7% | $62,292-64.1% |
| Participation rate | 42.9% | 60.0%-17.2pp | 71.6%-28.8pp | 69.5%-26.7pp |
| Annual return | 40.06% | 20.61%+19.4pp | 30.27%+9.8pp | 28.90%+11.2pp |
| Employer contribution / active EE | $208 | $1,385-85.0% | $4,050-94.9% | $2,042-89.8% |
| Participant deferral / active EE | $1,343 | $2,321-42.1% | $3,287-59.1% | $3,169-57.6% |
| Admin fee / account holder | $2,770 | $440+529.6% | $5,478-49.4% | $479+477.8% |