Filed May 22, 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 8-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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,123 | $52,279-74.9% | $89,391-85.3% | $79,858-83.6% |
| Participation rate | 44.3% | 57.5%-13.2pp | 68.0%-23.7pp | 69.6%-25.3pp |
| Annual return | 24.78% | 22.16%+2.6pp | 245.62%-220.8pp | 31.71%-6.9pp |
| Employer contribution / active EE | $548 | $1,572-65.1% | $2,586-78.8% | $2,471-77.8% |
| Participant deferral / active EE | $1,330 | $2,740-51.5% | $3,890-65.8% | $3,740-64.4% |
| Admin fee / account holder | $2,269 | $3,356-32.4% | $4,881-53.5% | $5,306-57.2% |