Filed April 15, 2015 (most recent of 4 filings on file)
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.
Participant 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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,950 | $132,049-66.0% | $200,582-77.6% | $74,304-39.5% |
| Participation rate | 64.5% | 84.1%-19.5pp | 86.9%-22.3pp | 60.3%+4.2pp |
| Annual return | 15.61% | 22.22%-6.6pp | 42.33%-26.7pp | 29.43%-13.8pp |
| Employer contribution / active EE | $2,056 | $4,558-54.9% | $6,419-68.0% | $2,241-8.3% |
| Participant deferral / active EE | $2,280 | $7,213-68.4% | $9,331-75.6% | $3,767-39.5% |
| Admin fee / account holder | $4,343 | $2,405+80.6% | $16,305-73.4% | $2,969+46.3% |