Filed November 9, 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $65,891 | $80,673-18.3% | $101,326-35.0% | $84,808-22.3% |
| Participation rate | 53.5% | 77.8%-24.3pp | 81.5%-28.0pp | 68.3%-14.8pp |
| Annual return | 17.27% | 38.95%-21.7pp | 36.82%-19.5pp | 40.90%-23.6pp |
| Employer contribution / active EE | $3,080 | $2,698+14.2% | $3,665-16.0% | $2,631+17.1% |
| Participant deferral / active EE | $5,926 | $6,840-13.4% | $7,994-25.9% | $4,212+40.7% |
| Admin fee / account holder | $16,699 | $12,784+30.6% | $11,185+49.3% | $7,344+127.4% |