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.
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 | $35,479 | $68,547-48.2% | $120,354-70.5% | $80,856-56.1% |
| Participation rate | 50.0% | 61.6%-11.6pp | 71.9%-21.9pp | 67.6%-17.6pp |
| Annual return | 11.61% | 23.60%-12.0pp | 107.15%-95.5pp | 35.59%-24.0pp |
| Employer contribution / active EE | $1,136 | $2,051-44.6% | $3,463-67.2% | $2,755-58.7% |
| Participant deferral / active EE | $1,352 | $3,173-57.4% | $4,991-72.9% | $4,296-68.5% |
| Admin fee / account holder | $7,002 | $5,732+22.2% | $9,423-25.7% | $6,918+1.2% |