Filed July 18, 2017
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 9-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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,744 | $91,190-75.1% | $178,490-87.3% | $79,858-71.5% |
| Participation rate | 48.4% | 69.2%-20.8pp | 81.9%-33.5pp | 69.6%-21.2pp |
| Annual return | 47.57% | 24.19%+23.4pp | 151.07%-103.5pp | 31.71%+15.9pp |
| Employer contribution / active EE | $784 | $3,256-75.9% | $5,011-84.4% | $2,471-68.3% |
| Participant deferral / active EE | $1,303 | $3,236-59.7% | $5,202-74.9% | $3,740-65.2% |
| Admin fee / account holder | $527 | $6,751-92.2% | $13,984-96.2% | $5,306-90.1% |