Filed January 28, 2020
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 | $24,431 | $58,208-58.0% | $81,812-70.1% | $80,856-69.8% |
| Participation rate | 64.5% | 63.4%+1.1pp | 72.3%-7.8pp | 67.6%-3.1pp |
| Annual return | 3.24% | 41.66%-38.4pp | 773.79%-770.5pp | 35.59%-32.4pp |
| Employer contribution / active EE | $697 | $2,340-70.2% | $2,912-76.1% | $2,755-74.7% |
| Participant deferral / active EE | $3,563 | $3,281+8.6% | $4,319-17.5% | $4,296-17.1% |
| Admin fee / account holder | $4,874 | $4,981-2.1% | $7,386-34.0% | $6,918-29.5% |