Filed October 31, 2016
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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,286 | $72,404-44.4% | $110,238-63.5% | $64,186-37.2% |
| Participation rate | 31.0% | 73.3%-42.4pp | 79.8%-48.8pp | 69.6%-38.6pp |
| Annual return | -8.22% | -6.29%-1.9pp | 314.74%-323.0pp | 7.63%-15.8pp |
| Employer contribution / active EE | $704 | $2,282-69.1% | $3,826-81.6% | $2,381-70.4% |
| Participant deferral / active EE | $1,607 | $3,469-53.7% | $4,672-65.6% | $3,470-53.7% |
| Admin fee / account holder | $5,712 | $5,664+0.8% | $8,547-33.2% | $4,888+16.9% |