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 | $38,719 | $118,849-67.4% | $96,562-59.9% | $167,490-76.9% |
| Participation rate | 44.4% | 75.5%-31.0pp | 69.8%-25.4pp | 82.1%-37.7pp |
| Annual return | 14.59% | 50.49%-35.9pp | 37.78%-23.2pp | 478.56%-464.0pp |
| Employer contribution / active EE | $477 | $3,120-84.7% | $2,356-79.7% | $4,837-90.1% |
| Participant deferral / active EE | $539 | $4,616-88.3% | $3,849-86.0% | $6,341-91.5% |
| Admin fee / account holder | $838 | $8,065-89.6% | $6,181-86.4% | $12,309-93.2% |