Filed March 11, 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 7-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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,195 | $105,860-53.5% | $90,749-45.8% | $134,475-63.4% |
| Participation rate | 47.8% | 78.2%-30.4pp | 75.7%-27.9pp | 81.2%-33.4pp |
| Annual return | -20.38% | -11.01%-9.4pp | -12.16%-8.2pp | 417.96%-438.3pp |
| Employer contribution / active EE | $0 | $3,462-100.0% | $2,921-100.0% | $4,740-100.0% |
| Participant deferral / active EE | $1,686 | $5,216-67.7% | $4,564-63.1% | $6,400-73.7% |
| Admin fee / account holder | $9,155 | $13,938-34.3% | $8,445+8.4% | $11,426-19.9% |