Filed May 5, 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 6-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 | $44,765 | $78,672-43.1% | $109,143-59.0% | $85,850-47.9% |
| Participation rate | 51.2% | 68.3%-17.1pp | 75.9%-24.7pp | 69.3%-18.2pp |
| Annual return | 15.37% | 25.09%-9.7pp | 25.75%-10.4pp | 318.53%-303.2pp |
| Employer contribution / active EE | $1,128 | $2,735-58.7% | $3,722-69.7% | $2,565-56.0% |
| Participant deferral / active EE | $3,350 | $3,467-3.4% | $4,653-28.0% | $3,952-15.2% |
| Admin fee / account holder | $1,775 | $5,469-67.6% | $6,752-73.7% | $6,260-71.7% |