Filed November 3, 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 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 | $111,261 | $94,625+17.6% | $116,228-4.3% | $84,808+31.2% |
| Participation rate | 54.8% | 70.4%-15.7pp | 74.6%-19.8pp | 68.3%-13.5pp |
| Annual return | 11.60% | 20.40%-8.8pp | 90.06%-78.5pp | 40.90%-29.3pp |
| Employer contribution / active EE | $1,618 | $2,347-31.1% | $2,994-46.0% | $2,631-38.5% |
| Participant deferral / active EE | $2,951 | $3,972-25.7% | $4,953-40.4% | $4,212-29.9% |
| Admin fee / account holder | $11,296 | $10,091+11.9% | $11,989-5.8% | $7,344+53.8% |