Filed August 25, 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 4-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 | $53,072 | $68,719-22.8% | $91,541-42.0% | $84,808-37.4% |
| Participation rate | 40.5% | 64.5%-24.0pp | 69.8%-29.3pp | 68.3%-27.8pp |
| Annual return | 14.56% | 19.12%-4.6pp | 20.50%-5.9pp | 40.90%-26.3pp |
| Employer contribution / active EE | $2,403 | $1,920+25.2% | $2,505-4.0% | $2,631-8.7% |
| Participant deferral / active EE | $3,818 | $3,136+21.8% | $4,008-4.7% | $4,212-9.3% |
| Admin fee / account holder | $657 | $5,786-88.7% | $6,956-90.6% | $7,344-91.1% |