Filed June 29, 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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $116,184 | $62,586+85.6% | $76,768+51.3% | $64,186+81.0% |
| Participation rate | 44.1% | 72.8%-28.7pp | 77.0%-32.9pp | 69.6%-25.5pp |
| Annual return | -5.43% | -1.95%-3.5pp | 2.43%-7.9pp | 7.63%-13.1pp |
| Employer contribution / active EE | $346 | $1,832-81.1% | $2,485-86.1% | $2,381-85.5% |
| Participant deferral / active EE | $2,907 | $3,145-7.5% | $3,852-24.5% | $3,470-16.2% |
| Admin fee / account holder | $798 | $4,667-82.9% | $6,675-88.0% | $4,888-83.7% |