Filed February 15, 2019
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 8-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 | $223,684 | $46,674+379.2% | $117,472+90.4% | $68,494+226.6% |
| Participation rate | 36.4% | 56.8%-20.4pp | 70.6%-34.2pp | 67.9%-31.5pp |
| Annual return | 15.89% | -14.52%+30.4pp | 29.74%-13.8pp | -7.84%+23.7pp |
| Employer contribution / active EE | $3,995 | $1,505+165.5% | $4,176-4.3% | $2,596+53.9% |
| Participant deferral / active EE | $0 | $2,636-100.0% | $4,070-100.0% | $4,027-100.0% |
| Admin fee / account holder | $3,343 | $4,020-16.8% | $5,645-40.8% | $5,403-38.1% |