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.
Participant 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $59,009 | $80,724-26.9% | $103,333-42.9% | $74,495-20.8% |
| Participation rate | 41.9% | 65.7%-23.8pp | 74.5%-32.6pp | 67.2%-25.3pp |
| Annual return | 11.30% | 27.56%-16.3pp | 24.88%-13.6pp | 1364.94%-1353.6pp |
| Employer contribution / active EE | $0 | $3,157-100.0% | $3,868-100.0% | $2,623-100.0% |
| Participant deferral / active EE | $1,576 | $3,860-59.2% | $5,057-68.8% | $4,346-63.7% |
| Admin fee / account holder | $3,355 | $2,368+41.7% | $8,355-59.8% | $1,942+72.8% |