Filed January 8, 2015
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 4-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 | $21,866 | $75,828-71.2% | $147,614-85.2% | $59,632-63.3% |
| Participation rate | 4.1% | 71.6%-67.5pp | 84.6%-80.6pp | 68.7%-64.6pp |
| Annual return | 0.54% | 0.37%+0.2pp | 61.98%-61.4pp | 2041.28%-2040.7pp |
| Employer contribution / active EE | $13 | $3,485-99.6% | $5,564-99.8% | $2,203-99.4% |
| Participant deferral / active EE | $0 | $3,130-100.0% | $4,895-100.0% | $3,192-100.0% |
| Admin fee / account holder | $566 | $5,985-90.5% | $11,611-95.1% | $4,297-86.8% |