Filed May 29, 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 9-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 | $55,033 | $47,944+14.8% | $67,834-18.9% | $62,891-12.5% |
| Participation rate | 60.9% | 61.1%-0.2pp | 68.8%-7.9pp | 69.3%-8.4pp |
| Annual return | 5.42% | 11.77%-6.3pp | 138.47%-133.1pp | 20.14%-14.7pp |
| Employer contribution / active EE | $1,156 | $1,562-26.0% | $2,403-51.9% | $2,281-49.3% |
| Participant deferral / active EE | $3,867 | $2,247+72.1% | $3,160+22.4% | $3,203+20.7% |
| Admin fee / account holder | $18,452 | $3,712+397.1% | $4,622+299.2% | $4,296+329.6% |