Filed September 20, 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 3-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.
Participant 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 | $38,872 | $61,605-36.9% | $112,229-65.4% | $75,163-48.3% |
| Participation rate | 38.6% | 61.7%-23.1pp | 72.4%-33.8pp | 67.2%-28.6pp |
| Annual return | 19.93% | 28.47%-8.5pp | 30.20%-10.3pp | 160.62%-140.7pp |
| Employer contribution / active EE | $730 | $2,015-63.8% | $3,430-78.7% | $2,670-72.7% |
| Participant deferral / active EE | $892 | $3,108-71.3% | $4,798-81.4% | $4,125-78.4% |
| Admin fee / account holder | $1,164 | $4,862-76.1% | $7,748-85.0% | $5,651-79.4% |