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.
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 | $43,027 | $59,805-28.1% | $79,550-45.9% | $68,494-37.2% |
| Participation rate | 65.8% | 61.1%+4.7pp | 69.5%-3.7pp | 67.9%-2.1pp |
| Annual return | -17.30% | -12.30%-5.0pp | 0.16%-17.5pp | -7.84%-9.5pp |
| Employer contribution / active EE | $526 | $1,505-65.0% | $2,413-78.2% | $2,596-79.7% |
| Participant deferral / active EE | $3,535 | $3,024+16.9% | $3,985-11.3% | $4,027-12.2% |
| Admin fee / account holder | $4,281 | $4,835-11.5% | $6,832-37.3% | $5,403-20.8% |