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 | $10,215 | $37,426-72.7% | $77,482-86.8% | $79,858-87.2% |
| Participation rate | 33.7% | 41.5%-7.8pp | 54.2%-20.5pp | 69.6%-35.9pp |
| Annual return | 49.49% | 39.70%+9.8pp | 54.79%-5.3pp | 31.71%+17.8pp |
| Employer contribution / active EE | $81 | $637-87.4% | $986-91.8% | $2,471-96.7% |
| Participant deferral / active EE | $539 | $1,260-57.2% | $1,861-71.0% | $3,740-85.6% |
| Admin fee / account holder | $421 | $2,504-83.2% | $2,858-85.3% | $5,306-92.1% |