Filed February 5, 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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $144,985 | $100,754+43.9% | $86,677+67.3% | $134,475+7.8% |
| Participation rate | 62.5% | 78.9%-16.4pp | 76.6%-14.1pp | 81.2%-18.7pp |
| Annual return | -27.92% | 29.04%-57.0pp | 35.91%-63.8pp | 417.96%-445.9pp |
| Employer contribution / active EE | $1,477 | $3,489-57.7% | $2,836-47.9% | $4,740-68.8% |
| Participant deferral / active EE | $2,642 | $5,338-50.5% | $4,656-43.3% | $6,400-58.7% |
| Admin fee / account holder | $3,503 | $10,926-67.9% | $7,493-53.2% | $11,426-69.3% |