Filed March 30, 2016
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,221 | $55,706-60.1% | $75,886-70.7% | $72,985-69.6% |
| Participation rate | 52.5% | 61.1%-8.6pp | 69.3%-16.7pp | 69.5%-16.9pp |
| Annual return | 16.57% | 27.59%-11.0pp | 30.76%-14.2pp | 81.00%-64.4pp |
| Employer contribution / active EE | $325 | $1,687-80.7% | $2,500-87.0% | $2,440-86.7% |
| Participant deferral / active EE | $2,911 | $2,634+10.5% | $3,603-19.2% | $3,607-19.3% |
| Admin fee / account holder | $1,119 | $3,978-71.9% | $5,418-79.3% | $5,124-78.2% |