Filed August 30, 2016
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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $87,659 | $57,016+53.7% | $84,966+3.2% | $80,856+8.4% |
| Participation rate | 46.0% | 56.3%-10.4pp | 67.5%-21.5pp | 67.6%-21.7pp |
| Annual return | 9.05% | 21.66%-12.6pp | 66.38%-57.3pp | 35.59%-26.5pp |
| Employer contribution / active EE | $2,185 | $1,798+21.6% | $2,727-19.9% | $2,755-20.7% |
| Participant deferral / active EE | $3,266 | $3,110+5.0% | $4,519-27.7% | $4,296-24.0% |
| Admin fee / account holder | $3,096 | $4,980-37.8% | $6,149-49.7% | $6,918-55.3% |