Filed May 27, 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 | $24,393 | $85,766-71.6% | $136,294-82.1% | $70,131-65.2% |
| Participation rate | 63.7% | 74.2%-10.4pp | 81.9%-18.2pp | 69.5%-5.8pp |
| Annual return | 26.14% | 31.45%-5.3pp | 5155.94%-5129.8pp | 73.14%-47.0pp |
| Employer contribution / active EE | $1,331 | $2,966-55.1% | $4,695-71.7% | $2,342-43.2% |
| Participant deferral / active EE | $2,331 | $5,051-53.9% | $6,247-62.7% | $3,332-30.0% |
| Admin fee / account holder | $1,135 | $5,420-79.1% | $9,243-87.7% | $4,645-75.6% |