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.)
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 | $33,163 | $56,317-41.1% | $71,209-53.4% | $74,304-55.4% |
| Participation rate | 38.0% | 55.1%-17.2pp | 73.8%-35.8pp | 60.3%-22.4pp |
| Annual return | 16.73% | 42.83%-26.1pp | 282.51%-265.8pp | 29.43%-12.7pp |
| Employer contribution / active EE | $844 | $2,160-60.9% | $2,721-69.0% | $2,241-62.3% |
| Participant deferral / active EE | $1,585 | $2,788-43.1% | $4,175-62.0% | $3,767-57.9% |
| Admin fee / account holder | $867 | $2,290-62.1% | $5,349-83.8% | $2,969-70.8% |