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 | $78,520-16.1% | $96,576-31.8% | $82,448-20.1% |
| Participation rate | 53.5% | 77.7%-24.2pp | 81.4%-28.0pp | 68.1%-14.6pp |
| Annual return | 17.27% | 41.30%-24.0pp | 38.47%-21.2pp | 41.64%-24.4pp |
| Employer contribution / active EE | $3,080 | $2,630+17.1% | $3,553-13.3% | $2,551+20.7% |
| Participant deferral / active EE | $5,926 | $6,754-12.3% | $7,956-25.5% | $4,139+43.2% |
| Admin fee / account holder | $16,699 | $13,455+24.1% | $11,381+46.7% | $7,234+130.8% |