Filed July 15, 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 9-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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,939 | $59,101-42.6% | $77,163-56.0% | $75,163-54.8% |
| Participation rate | 65.1% | 63.9%+1.3pp | 69.6%-4.5pp | 67.2%-2.1pp |
| Annual return | 18.38% | 26.71%-8.3pp | 37.87%-19.5pp | 160.62%-142.2pp |
| Employer contribution / active EE | $1,697 | $1,995-15.0% | $2,535-33.1% | $2,670-36.4% |
| Participant deferral / active EE | $3,151 | $2,999+5.0% | $3,833-17.8% | $4,125-23.6% |
| Admin fee / account holder | $3,546 | $4,774-25.7% | $5,472-35.2% | $5,651-37.2% |