Filed June 10, 2015
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 | $31,409 | $60,323-47.9% | $81,812-61.6% | $74,495-57.8% |
| Participation rate | 33.7% | 62.9%-29.2pp | 72.3%-38.7pp | 67.2%-33.5pp |
| Annual return | 10.55% | 16.90%-6.4pp | 773.79%-763.2pp | 1364.94%-1354.4pp |
| Employer contribution / active EE | $864 | $2,620-67.0% | $2,912-70.3% | $2,623-67.0% |
| Participant deferral / active EE | $1,597 | $3,387-52.9% | $4,319-63.0% | $4,346-63.2% |
| Admin fee / account holder | $2,699 | $1,486+81.7% | $7,386-63.5% | $1,942+39.0% |