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 | $38,992 | $102,604-62.0% | $86,188-54.8% | $139,434-72.0% |
| Participation rate | 53.8% | 74.5%-20.6pp | 69.0%-15.1pp | 80.3%-26.5pp |
| Annual return | 17.29% | 1922.51%-1905.2pp | 1168.45%-1151.2pp | 372.94%-355.6pp |
| Employer contribution / active EE | $586 | $3,032-80.7% | $2,380-75.4% | $4,751-87.7% |
| Participant deferral / active EE | $684 | $4,676-85.4% | $3,985-82.8% | $6,710-89.8% |
| Admin fee / account holder | $546 | $8,657-93.7% | $6,852-92.0% | $11,403-95.2% |