Filed April 19, 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 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.
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 | $90,729 | $100,923-10.1% | $150,045-39.5% | $74,304+22.1% |
| Participation rate | 34.8% | 70.1%-35.3pp | 82.3%-47.6pp | 60.3%-25.6pp |
| Annual return | 23.06% | 51.77%-28.7pp | 62.55%-39.5pp | 29.43%-6.4pp |
| Employer contribution / active EE | $1,071 | $3,463-69.1% | $4,693-77.2% | $2,241-52.2% |
| Participant deferral / active EE | $1,952 | $6,709-70.9% | $7,997-75.6% | $3,767-48.2% |
| Admin fee / account holder | $1,563 | $2,767-43.5% | $13,435-88.4% | $2,969-47.3% |