Filed July 17, 2018
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 | $20,309 | $99,341-79.6% | $84,750-76.0% | $273,961-92.6% |
| Participation rate | 21.1% | 80.7%-59.6pp | 76.6%-55.5pp | 83.0%-62.0pp |
| Annual return | 11.99% | 22.93%-10.9pp | 22.78%-10.8pp | 41.45%-29.5pp |
| Employer contribution / active EE | $0 | $4,214-100.0% | $3,574-100.0% | $4,869-100.0% |
| Participant deferral / active EE | $4,027 | $4,269-5.7% | $3,712+8.5% | $5,287-23.8% |
| Admin fee / account holder | $1,395 | $6,644-79.0% | $5,332-73.8% | $10,132-86.2% |