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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $4,056 | $27,641-85.3% | $61,373-93.4% | $68,494-94.1% |
| Participation rate | 38.8% | 39.5%-0.7pp | 52.6%-13.8pp | 67.9%-29.1pp |
| Annual return | -17.50% | -13.24%-4.3pp | 338.61%-356.1pp | -7.84%-9.7pp |
| Employer contribution / active EE | $78 | $695-88.8% | $1,159-93.3% | $2,596-97.0% |
| Participant deferral / active EE | $561 | $1,263-55.6% | $2,125-73.6% | $4,027-86.1% |
| Admin fee / account holder | $846 | $2,010-57.9% | $2,130-60.3% | $5,403-84.3% |