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 | $17,617 | $41,078-57.1% | $80,569-78.1% | $71,457-75.3% |
| Participation rate | 53.1% | 50.2%+2.9pp | 67.0%-13.9pp | 67.9%-14.8pp |
| Annual return | 31.01% | 38.45%-7.4pp | 935.43%-904.4pp | 28.85%+2.2pp |
| Employer contribution / active EE | $818 | $1,506-45.7% | $2,723-70.0% | $2,588-68.4% |
| Participant deferral / active EE | $2,310 | $2,699-14.4% | $4,447-48.1% | $4,289-46.1% |
| Admin fee / account holder | $1,455 | $1,840-20.9% | $5,377-72.9% | $1,587-8.3% |