Filed May 9, 2019
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.)
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 | $10,969 | $89,652-87.8% | $141,162-92.2% | $65,185-83.2% |
| Participation rate | 65.4% | 74.7%-9.3pp | 82.5%-17.0pp | 70.2%-4.8pp |
| Annual return | 23.01% | 32.79%-9.8pp | 71.39%-48.4pp | 29.38%-6.4pp |
| Employer contribution / active EE | $948 | $3,065-69.1% | $4,735-80.0% | $2,177-56.5% |
| Participant deferral / active EE | $2,937 | $5,691-48.4% | $6,709-56.2% | $3,514-16.4% |
| Admin fee / account holder | $5,108 | $569+798.5% | $10,261-50.2% | $847+503.0% |