Filed April 20, 2017
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.
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 | $43,124 | $95,193-54.7% | $76,523-43.6% | $135,375-68.1% |
| Participation rate | 50.0% | 74.4%-24.4pp | 68.0%-18.0pp | 82.6%-32.6pp |
| Annual return | -14.59% | 4.85%-19.4pp | -0.27%-14.3pp | 519.73%-534.3pp |
| Employer contribution / active EE | $4,928 | $3,302+49.2% | $2,647+86.2% | $4,779+3.1% |
| Participant deferral / active EE | $11,190 | $4,639+141.2% | $3,835+191.8% | $5,609+99.5% |
| Admin fee / account holder | $11,226 | $6,249+79.7% | $4,848+131.6% | $10,827+3.7% |