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 | $138,138 | $80,968+70.6% | $96,544+43.1% | $75,163+83.8% |
| Participation rate | 60.3% | 71.8%-11.4pp | 76.0%-15.6pp | 67.2%-6.8pp |
| Annual return | 22.88% | 27.06%-4.2pp | 25.84%-3.0pp | 160.62%-137.7pp |
| Employer contribution / active EE | $451 | $2,282-80.2% | $2,965-84.8% | $2,670-83.1% |
| Participant deferral / active EE | $3,979 | $3,928+1.3% | $4,851-18.0% | $4,125-3.6% |
| Admin fee / account holder | $6,567 | $6,724-2.3% | $8,252-20.4% | $5,651+16.2% |