Filed May 11, 2015
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 4-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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,020 | $71,516-44.0% | $98,439-59.3% | $71,457-44.0% |
| Participation rate | 11.0% | 72.7%-61.7pp | 75.2%-64.2pp | 67.9%-56.9pp |
| Annual return | 12.36% | 32.41%-20.1pp | 21.16%-8.8pp | 28.85%-16.5pp |
| Employer contribution / active EE | $309 | $2,399-87.1% | $3,048-89.9% | $2,588-88.1% |
| Participant deferral / active EE | $2,388 | $4,109-41.9% | $4,738-49.6% | $4,289-44.3% |
| Admin fee / account holder | $20,705 | $1,675+1136.3% | $8,948+131.4% | $1,587+1204.4% |