Filed October 22, 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 6-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 | $45,026 | $49,922-9.8% | $80,569-44.1% | $75,163-40.1% |
| Participation rate | 25.8% | 55.3%-29.5pp | 67.0%-41.2pp | 67.2%-41.4pp |
| Annual return | 17.94% | 34.69%-16.8pp | 935.43%-917.5pp | 160.62%-142.7pp |
| Employer contribution / active EE | $0 | $1,698-100.0% | $2,723-100.0% | $2,670-100.0% |
| Participant deferral / active EE | $3,851 | $2,990+28.8% | $4,447-13.4% | $4,125-6.6% |
| Admin fee / account holder | $18,584 | $3,577+419.5% | $5,377+245.6% | $5,651+228.9% |