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 | $27,750 | $76,552-63.7% | $123,892-77.6% | $62,891-55.9% |
| Participation rate | 60.8% | 73.0%-12.2pp | 81.4%-20.6pp | 69.3%-8.5pp |
| Annual return | 9.24% | 18.68%-9.4pp | 47.52%-38.3pp | 20.14%-10.9pp |
| Employer contribution / active EE | $1,098 | $2,883-61.9% | $4,617-76.2% | $2,281-51.8% |
| Participant deferral / active EE | $2,016 | $4,840-58.3% | $5,984-66.3% | $3,203-37.1% |
| Admin fee / account holder | $506 | $4,826-89.5% | $8,357-94.0% | $4,296-88.2% |