Filed January 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 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.
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 | $17,106 | $48,335-64.6% | $121,098-85.9% | $71,457-76.1% |
| Participation rate | 39.3% | 54.3%-15.0pp | 69.5%-30.2pp | 67.9%-28.7pp |
| Annual return | 23.94% | 23.32%+0.6pp | 985.75%-961.8pp | 28.85%-4.9pp |
| Employer contribution / active EE | $368 | $1,489-75.3% | $4,164-91.2% | $2,588-85.8% |
| Participant deferral / active EE | $734 | $2,754-73.4% | $4,080-82.0% | $4,289-82.9% |
| Admin fee / account holder | $1,330 | $1,841-27.7% | $5,644-76.4% | $1,587-16.2% |