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 | $29,121 | $112,881-74.2% | $90,951-68.0% | $158,922-81.7% |
| Participation rate | 52.9% | 74.7%-21.8pp | 69.0%-16.1pp | 82.0%-29.0pp |
| Annual return | 19.01% | 215.79%-196.8pp | 134.60%-115.6pp | 302.83%-283.8pp |
| Employer contribution / active EE | $516 | $2,893-82.2% | $2,122-75.7% | $4,761-89.2% |
| Participant deferral / active EE | $595 | $4,128-85.6% | $3,373-82.4% | $5,982-90.1% |
| Admin fee / account holder | $308 | $8,041-96.2% | $5,959-94.8% | $11,246-97.3% |