Filed April 9, 2018 (most recent of 2 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 8-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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $22,069 | $70,428-68.7% | $96,562-77.1% | $85,850-74.3% |
| Participation rate | 58.2% | 61.8%-3.6pp | 69.8%-11.7pp | 69.3%-11.2pp |
| Annual return | 7.63% | 18.59%-11.0pp | 37.78%-30.2pp | 318.53%-310.9pp |
| Employer contribution / active EE | $0 | $1,413-100.0% | $2,356-100.0% | $2,565-100.0% |
| Participant deferral / active EE | $2,261 | $2,894-21.8% | $3,849-41.2% | $3,952-42.8% |
| Admin fee / account holder | $2,087 | $4,997-58.2% | $6,181-66.2% | $6,260-66.7% |