Filed February 20, 2017
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 | $64,708 | $81,460-20.6% | $103,333-37.4% | $80,856-20.0% |
| Participation rate | 52.4% | 66.8%-14.5pp | 74.5%-22.1pp | 67.6%-15.3pp |
| Annual return | 15.17% | 25.55%-10.4pp | 24.88%-9.7pp | 35.59%-20.4pp |
| Employer contribution / active EE | $831 | $3,105-73.2% | $3,868-78.5% | $2,755-69.8% |
| Participant deferral / active EE | $2,981 | $3,869-23.0% | $5,057-41.1% | $4,296-30.6% |
| Admin fee / account holder | $659 | $6,566-90.0% | $8,355-92.1% | $6,918-90.5% |