Filed May 1, 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 | $73,596 | $87,037-15.4% | $106,201-30.7% | $80,874-9.0% |
| Participation rate | 51.5% | 70.4%-18.9pp | 75.3%-23.8pp | 67.6%-16.1pp |
| Annual return | 14.20% | 17.05%-2.8pp | 116.26%-102.1pp | 35.62%-21.4pp |
| Employer contribution / active EE | $437 | $2,396-81.8% | $3,170-86.2% | $2,756-84.1% |
| Participant deferral / active EE | $3,060 | $3,986-23.2% | $5,012-39.0% | $4,297-28.8% |
| Admin fee / account holder | $5,760 | $8,434-31.7% | $11,039-47.8% | $6,935-17.0% |