Filed October 31, 2017
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.)
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 | $3,192 | $32,117-90.1% | $71,086-95.5% | $64,186-95.0% |
| Participation rate | 39.0% | 42.7%-3.7pp | 54.7%-15.7pp | 69.6%-30.6pp |
| Annual return | -15.50% | -5.57%-9.9pp | 650.59%-666.1pp | 7.63%-23.1pp |
| Employer contribution / active EE | $80 | $712-88.8% | $1,088-92.7% | $2,381-96.7% |
| Participant deferral / active EE | $480 | $1,263-62.0% | $1,874-74.4% | $3,470-86.2% |
| Admin fee / account holder | $446 | $2,759-83.8% | $3,082-85.5% | $4,888-90.9% |