Filed May 4, 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 | $150,544 | $96,484+56.0% | $156,263-3.7% | $74,304+102.6% |
| Participation rate | 42.3% | 67.7%-25.3pp | 78.9%-36.6pp | 60.3%-18.0pp |
| Annual return | 11.84% | 17.73%-5.9pp | 59.47%-47.6pp | 29.43%-17.6pp |
| Employer contribution / active EE | $1,387 | $2,528-45.1% | $4,333-68.0% | $2,241-38.1% |
| Participant deferral / active EE | $2,681 | $4,286-37.4% | $6,158-56.5% | $3,767-28.8% |
| Admin fee / account holder | $3,510 | $3,728-5.8% | $14,255-75.4% | $2,969+18.2% |