Filed January 13, 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.
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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $9,960 | $72,177-86.2% | $115,037-91.3% | $59,632-83.3% |
| Participation rate | 53.2% | 72.6%-19.4pp | 81.4%-28.2pp | 68.7%-15.5pp |
| Annual return | 145.88% | 12.02%+133.9pp | 26.14%+119.7pp | 2041.28%-1895.4pp |
| Employer contribution / active EE | $613 | $2,841-78.4% | $4,608-86.7% | $2,203-72.1% |
| Participant deferral / active EE | $1,835 | $4,783-61.6% | $6,026-69.6% | $3,192-42.5% |
| Admin fee / account holder | $394 | $4,927-92.0% | $8,175-95.2% | $4,297-90.8% |