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.)
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 | $23,310 | $50,982-54.3% | $154,803-84.9% | $85,563-72.8% |
| Participation rate | 34.0% | 59.8%-25.8pp | 78.1%-44.0pp | 66.0%-31.9pp |
| Annual return | 12.57% | 30.35%-17.8pp | 58.88%-46.3pp | 31.51%-18.9pp |
| Employer contribution / active EE | $512 | $1,708-70.0% | $4,305-88.1% | $2,654-80.7% |
| Participant deferral / active EE | $760 | $2,474-69.3% | $5,540-86.3% | $4,375-82.6% |
| Admin fee / account holder | $7,527 | $846+789.8% | $14,329-47.5% | $834+802.3% |