Filed November 16, 2018
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 | $23,642 | $50,815-53.5% | $155,509-84.8% | $77,643-69.6% |
| Participation rate | 35.8% | 63.1%-27.3pp | 78.2%-42.4pp | 70.6%-34.8pp |
| Annual return | 10.19% | 34.80%-24.6pp | 64.67%-54.5pp | 31.24%-21.0pp |
| Employer contribution / active EE | $563 | $1,993-71.7% | $4,672-87.9% | $2,726-79.3% |
| Participant deferral / active EE | $935 | $2,822-66.9% | $5,626-83.4% | $4,647-79.9% |
| Admin fee / account holder | $1,689 | $437+286.8% | $15,912-89.4% | $430+292.4% |