Filed March 9, 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 | $109,501 | $72,277+51.5% | $101,248+8.2% | $79,858+37.1% |
| Participation rate | 42.9% | 68.5%-25.6pp | 75.8%-33.0pp | 69.6%-26.8pp |
| Annual return | 12.55% | 22.30%-9.7pp | 46.47%-33.9pp | 31.71%-19.2pp |
| Employer contribution / active EE | $1,063 | $2,692-60.5% | $3,660-71.0% | $2,471-57.0% |
| Participant deferral / active EE | $2,378 | $3,282-27.6% | $4,370-45.6% | $3,740-36.4% |
| Admin fee / account holder | $9,264 | $4,400+110.5% | $5,945+55.8% | $5,306+74.6% |