Filed January 3, 2018
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 9-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 | $26,391 | $77,813-66.1% | $123,544-78.6% | $64,186-58.9% |
| Participation rate | 47.9% | 74.7%-26.8pp | 82.3%-34.4pp | 69.6%-21.7pp |
| Annual return | 6.55% | 12.48%-5.9pp | 119.20%-112.6pp | 7.63%-1.1pp |
| Employer contribution / active EE | $0 | $3,014-100.0% | $4,628-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $2,657 | $5,240-49.3% | $6,426-58.6% | $3,470-23.4% |
| Admin fee / account holder | $4,166 | $5,519-24.5% | $9,284-55.1% | $4,888-14.8% |