Filed February 5, 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 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.
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 | $38,074 | $87,841-56.7% | $133,980-71.6% | $62,891-39.5% |
| Participation rate | 59.3% | 83.4%-24.1pp | 87.1%-27.8pp | 69.3%-10.0pp |
| Annual return | 6.41% | 12.05%-5.6pp | 29.30%-22.9pp | 20.14%-13.7pp |
| Employer contribution / active EE | $1,318 | $3,483-62.2% | $5,211-74.7% | $2,281-42.2% |
| Participant deferral / active EE | $2,486 | $4,812-48.3% | $6,282-60.4% | $3,203-22.4% |
| Admin fee / account holder | $2,820 | $5,371-47.5% | $9,324-69.8% | $4,296-34.4% |