Filed September 25, 2018
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 | $46,141 | $83,477-44.7% | $125,175-63.1% | $72,985-36.8% |
| Participation rate | 60.0% | 73.3%-13.3pp | 79.8%-19.8pp | 69.5%-9.5pp |
| Annual return | 20.49% | 25.78%-5.3pp | 43.79%-23.3pp | 81.00%-60.5pp |
| Employer contribution / active EE | $498 | $2,345-78.8% | $3,865-87.1% | $2,440-79.6% |
| Participant deferral / active EE | $2,848 | $3,585-20.6% | $4,937-42.3% | $3,607-21.0% |
| Admin fee / account holder | $3,643 | $5,517-34.0% | $9,702-62.4% | $5,124-28.9% |