Filed March 9, 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.
Participant 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 | $32,087 | $76,552-58.1% | $123,892-74.1% | $62,891-49.0% |
| Participation rate | 27.2% | 73.0%-45.8pp | 81.4%-54.2pp | 69.3%-42.1pp |
| Annual return | 11.20% | 18.68%-7.5pp | 47.52%-36.3pp | 20.14%-8.9pp |
| Employer contribution / active EE | $813 | $2,883-71.8% | $4,617-82.4% | $2,281-64.4% |
| Participant deferral / active EE | $1,444 | $4,840-70.2% | $5,984-75.9% | $3,203-54.9% |
| Admin fee / account holder | $3,028 | $4,826-37.3% | $8,357-63.8% | $4,296-29.5% |