Filed July 5, 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.
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 | $80,236 | $84,695-5.3% | $73,843+8.7% | $125,391-36.0% |
| Participation rate | 66.7% | 76.8%-10.1pp | 73.4%-6.8pp | 83.2%-16.5pp |
| Annual return | -1.29% | 3123.53%-3124.8pp | 2267.84%-2269.1pp | 282.22%-283.5pp |
| Employer contribution / active EE | $2,830 | $3,123-9.4% | $2,787+1.5% | $4,866-41.8% |
| Participant deferral / active EE | $4,324 | $3,992+8.3% | $3,583+20.7% | $5,352-19.2% |
| Admin fee / account holder | $1,225 | $5,691-78.5% | $4,880-74.9% | $9,540-87.2% |