Filed October 4, 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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $50,534 | $76,670-34.1% | $96,683-47.7% | $71,457-29.3% |
| Participation rate | 50.4% | 66.6%-16.2pp | 74.3%-23.9pp | 67.9%-17.5pp |
| Annual return | 11.17% | 48.29%-37.1pp | 35.69%-24.5pp | 28.85%-17.7pp |
| Employer contribution / active EE | $0 | $3,031-100.0% | $3,737-100.0% | $2,588-100.0% |
| Participant deferral / active EE | $1,729 | $3,771-54.2% | $4,878-64.6% | $4,289-59.7% |
| Admin fee / account holder | $5,324 | $2,028+162.5% | $6,730-20.9% | $1,587+235.4% |