Filed July 18, 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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,752 | $72,607-83.8% | $90,749-87.1% | $66,914-82.4% |
| Participation rate | 26.3% | 73.7%-47.4pp | 75.7%-49.4pp | 69.8%-43.5pp |
| Annual return | -5.93% | -12.28%+6.4pp | -12.16%+6.2pp | 1.58%-7.5pp |
| Employer contribution / active EE | $644 | $2,369-72.8% | $2,921-78.0% | $2,544-74.7% |
| Participant deferral / active EE | $1,153 | $3,977-71.0% | $4,564-74.7% | $4,237-72.8% |
| Admin fee / account holder | $4,018 | $707+468.1% | $8,445-52.4% | $593+577.3% |