Filed May 31, 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 | $74,913 | $63,861+17.3% | $104,607-28.4% | $79,858-6.2% |
| Participation rate | 39.5% | 64.9%-25.4pp | 74.1%-34.5pp | 69.6%-30.1pp |
| Annual return | 8.31% | 21.30%-13.0pp | 340.46%-332.2pp | 31.71%-23.4pp |
| Employer contribution / active EE | $648 | $1,588-59.2% | $2,681-75.8% | $2,471-73.8% |
| Participant deferral / active EE | $1,013 | $2,693-62.4% | $3,740-72.9% | $3,740-72.9% |
| Admin fee / account holder | $1,431 | $4,185-65.8% | $6,473-77.9% | $5,306-73.0% |