Filed December 21, 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 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.
Participant 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 | $64,942 | $43,723+48.5% | $121,196-46.4% | $64,186+1.2% |
| Participation rate | 47.5% | 58.3%-10.8pp | 71.7%-24.2pp | 69.6%-22.1pp |
| Annual return | 12.66% | 68.91%-56.3pp | 16.93%-4.3pp | 7.63%+5.0pp |
| Employer contribution / active EE | $1,280 | $1,296-1.3% | $4,022-68.2% | $2,381-46.2% |
| Participant deferral / active EE | $456 | $2,280-80.0% | $3,344-86.4% | $3,470-86.8% |
| Admin fee / account holder | $1,470 | $3,501-58.0% | $5,019-70.7% | $4,888-69.9% |