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.
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 | $115,066 | $58,694+96.0% | $142,863-19.5% | $85,850+34.0% |
| Participation rate | 61.4% | 58.5%+2.9pp | 71.9%-10.5pp | 69.3%-7.9pp |
| Annual return | 12.91% | 27.72%-14.8pp | 5637.54%-5624.6pp | 318.53%-305.6pp |
| Employer contribution / active EE | $1,528 | $1,423+7.4% | $4,144-63.1% | $2,565-40.4% |
| Participant deferral / active EE | $5,260 | $2,607+101.7% | $3,837+37.1% | $3,952+33.1% |
| Admin fee / account holder | $7,641 | $4,239+80.2% | $6,560+16.5% | $6,260+22.1% |