Filed April 26, 2019
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.
Employer 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 | $25,862 | $73,981-65.0% | $105,722-75.5% | $62,891-58.9% |
| Participation rate | 51.0% | 71.7%-20.7pp | 78.9%-27.9pp | 69.3%-18.3pp |
| Annual return | 6.44% | 17.60%-11.2pp | 12.25%-5.8pp | 20.14%-13.7pp |
| Employer contribution / active EE | $221 | $2,856-92.3% | $4,079-94.6% | $2,281-90.3% |
| Participant deferral / active EE | $2,174 | $4,038-46.2% | $5,326-59.2% | $3,203-32.1% |
| Admin fee / account holder | $3,084 | $5,976-48.4% | $8,308-62.9% | $4,296-28.2% |