Filed November 28, 2018
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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,420 | $57,354+10.6% | $83,848-24.4% | $64,186-1.2% |
| Participation rate | 44.6% | 68.6%-24.0pp | 76.1%-31.6pp | 69.6%-25.0pp |
| Annual return | 2.60% | 11.38%-8.8pp | 850.88%-848.3pp | 7.63%-5.0pp |
| Employer contribution / active EE | $1,064 | $2,545-58.2% | $3,631-70.7% | $2,381-55.3% |
| Participant deferral / active EE | $2,351 | $2,993-21.5% | $4,082-42.4% | $3,470-32.2% |
| Admin fee / account holder | $318 | $4,046-92.2% | $5,478-94.2% | $4,888-93.5% |