Filed July 21, 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 8-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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $34,686 | $61,660-43.7% | $80,019-56.7% | $64,186-46.0% |
| Participation rate | 65.3% | 71.7%-6.4pp | 75.8%-10.6pp | 69.6%-4.3pp |
| Annual return | 2.94% | -0.33%+3.3pp | 11.22%-8.3pp | 7.63%-4.7pp |
| Employer contribution / active EE | $0 | $1,810-100.0% | $2,468-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $6,173 | $2,968+108.0% | $3,686+67.5% | $3,470+77.9% |
| Admin fee / account holder | $613 | $5,417-88.7% | $6,521-90.6% | $4,888-87.5% |