Filed May 7, 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.
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 | $61,038 | $46,869+30.2% | $122,332-50.1% | $70,131-13.0% |
| Participation rate | 62.5% | 58.2%+4.3pp | 71.6%-9.1pp | 69.5%-7.0pp |
| Annual return | 13.05% | 24.22%-11.2pp | 30.27%-17.2pp | 73.14%-60.1pp |
| Employer contribution / active EE | $1,425 | $1,288+10.6% | $4,050-64.8% | $2,342-39.2% |
| Participant deferral / active EE | $2,139 | $2,166-1.3% | $3,287-34.9% | $3,332-35.8% |
| Admin fee / account holder | $5,276 | $3,322+58.8% | $5,478-3.7% | $4,645+13.6% |