Filed February 4, 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.
Participant 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 | $22,882 | $106,890-78.6% | $84,015-72.8% | $152,861-85.0% |
| Participation rate | 50.0% | 75.2%-25.2pp | 69.0%-19.0pp | 82.4%-32.4pp |
| Annual return | 17.75% | 104.99%-87.2pp | 71.31%-53.6pp | 345.32%-327.6pp |
| Employer contribution / active EE | $498 | $2,734-81.8% | $1,983-74.9% | $4,762-89.5% |
| Participant deferral / active EE | $605 | $4,011-84.9% | $3,239-81.3% | $5,850-89.7% |
| Admin fee / account holder | $4,595 | $8,285-44.5% | $6,101-24.7% | $11,596-60.4% |