Filed December 8, 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 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.
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 | $54,461 | $53,018+2.7% | $70,014-22.2% | $62,891-13.4% |
| Participation rate | 37.3% | 67.2%-30.0pp | 71.8%-34.6pp | 69.3%-32.1pp |
| Annual return | 12.10% | 13.35%-1.3pp | 12.99%-0.9pp | 20.14%-8.0pp |
| Employer contribution / active EE | $0 | $1,799-100.0% | $2,338-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $3,771 | $2,395+57.5% | $2,931+28.7% | $3,203+17.7% |
| Admin fee / account holder | $562 | $3,690-84.8% | $4,380-87.2% | $4,296-86.9% |