Filed January 13, 2021
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.)
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 | $11,652 | $77,899-85.0% | $149,673-92.2% | $75,163-84.5% |
| Participation rate | 38.7% | 65.6%-26.9pp | 78.8%-40.1pp | 67.2%-28.5pp |
| Annual return | 10.00% | 31.72%-21.7pp | 134.42%-124.4pp | 160.62%-150.6pp |
| Employer contribution / active EE | $194 | $3,137-93.8% | $4,818-96.0% | $2,670-92.7% |
| Participant deferral / active EE | $1,016 | $3,411-70.2% | $5,680-82.1% | $4,125-75.4% |
| Admin fee / account holder | $2,113 | $5,956-64.5% | $13,210-84.0% | $5,651-62.6% |