Filed February 5, 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,747 | $90,503-74.9% | $78,689-71.1% | $273,961-91.7% |
| Participation rate | 61.5% | 76.5%-15.0pp | 73.6%-12.0pp | 83.0%-21.5pp |
| Annual return | 6.34% | 75.60%-69.3pp | 62.18%-55.8pp | 41.45%-35.1pp |
| Employer contribution / active EE | $887 | $3,176-72.1% | $2,851-68.9% | $4,869-81.8% |
| Participant deferral / active EE | $1,444 | $3,901-63.0% | $3,517-58.9% | $5,287-72.7% |
| Admin fee / account holder | $5,668 | $5,263+7.7% | $4,510+25.7% | $10,132-44.1% |