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 | $12,809 | $37,393-65.7% | $77,024-83.4% | $66,914-80.9% |
| Participation rate | 48.9% | 52.9%-4.0pp | 67.9%-19.1pp | 69.8%-20.9pp |
| Annual return | -12.42% | -3.29%-9.1pp | 42.32%-54.7pp | 1.58%-14.0pp |
| Employer contribution / active EE | $727 | $1,531-52.5% | $2,812-74.2% | $2,544-71.4% |
| Participant deferral / active EE | $1,920 | $2,617-26.6% | $4,426-56.6% | $4,237-54.7% |
| Admin fee / account holder | $1,591 | $567+180.6% | $5,425-70.7% | $593+168.1% |