Filed October 27, 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 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 | $124,271 | $109,881+13.1% | $150,045-17.2% | $84,808+46.5% |
| Participation rate | 48.3% | 76.1%-27.8pp | 82.3%-34.0pp | 68.3%-20.0pp |
| Annual return | 13.43% | 28.25%-14.8pp | 62.55%-49.1pp | 40.90%-27.5pp |
| Employer contribution / active EE | $1,390 | $3,561-61.0% | $4,693-70.4% | $2,631-47.2% |
| Participant deferral / active EE | $4,755 | $6,636-28.4% | $7,997-40.5% | $4,212+12.9% |
| Admin fee / account holder | $25,980 | $8,568+203.2% | $13,435+93.4% | $7,344+253.8% |