Filed February 7, 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 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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,904 | $123,793-69.4% | $177,821-78.7% | $79,858-52.5% |
| Participation rate | 60.0% | 84.7%-24.7pp | 87.7%-27.7pp | 69.6%-9.6pp |
| Annual return | 20.42% | 22.82%-2.4pp | 48.32%-27.9pp | 31.71%-11.3pp |
| Employer contribution / active EE | $433 | $4,095-89.4% | $5,918-92.7% | $2,471-82.5% |
| Participant deferral / active EE | $4,938 | $5,956-17.1% | $7,714-36.0% | $3,740+32.0% |
| Admin fee / account holder | $1,888 | $7,243-73.9% | $12,427-84.8% | $5,306-64.4% |