Filed May 30, 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 | $89,883 | $80,968+11.0% | $96,544-6.9% | $75,163+19.6% |
| Participation rate | 49.1% | 71.8%-22.6pp | 76.0%-26.8pp | 67.2%-18.1pp |
| Annual return | 16.71% | 27.06%-10.4pp | 25.84%-9.1pp | 160.62%-143.9pp |
| Employer contribution / active EE | $474 | $2,282-79.2% | $2,965-84.0% | $2,670-82.2% |
| Participant deferral / active EE | $4,109 | $3,928+4.6% | $4,851-15.3% | $4,125-0.4% |
| Admin fee / account holder | $8,220 | $6,724+22.3% | $8,252-0.4% | $5,651+45.5% |