Filed October 2, 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 8-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 | $58,558 | $78,705-25.6% | $117,854-50.3% | $70,131-16.5% |
| Participation rate | 68.6% | 73.2%-4.6pp | 79.7%-11.1pp | 69.5%-1.0pp |
| Annual return | 16.93% | 23.30%-6.4pp | 335.08%-318.2pp | 73.14%-56.2pp |
| Employer contribution / active EE | $508 | $2,223-77.1% | $3,786-86.6% | $2,342-78.3% |
| Participant deferral / active EE | $3,417 | $3,297+3.6% | $4,482-23.8% | $3,332+2.6% |
| Admin fee / account holder | $2,067 | $5,065-59.2% | $8,020-74.2% | $4,645-55.5% |