Filed July 25, 2016
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 | $78,421 | $48,570+61.5% | $130,648-40.0% | $72,985+7.4% |
| Participation rate | 61.5% | 58.6%+3.0pp | 71.7%-10.2pp | 69.5%-7.9pp |
| Annual return | 17.72% | 38.63%-20.9pp | 1708.96%-1691.2pp | 81.00%-63.3pp |
| Employer contribution / active EE | $6,034 | $1,334+352.3% | $4,092+47.5% | $2,440+147.3% |
| Participant deferral / active EE | $0 | $2,384-100.0% | $3,603-100.0% | $3,607-100.0% |
| Admin fee / account holder | $889 | $3,549-75.0% | $5,464-83.7% | $5,124-82.7% |