Filed April 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 | $60,383 | $65,365-7.6% | $92,893-35.0% | $72,985-17.3% |
| Participation rate | 43.3% | 68.3%-25.0pp | 76.0%-32.7pp | 69.5%-26.2pp |
| Annual return | 22.21% | 42.10%-19.9pp | 109.41%-87.2pp | 81.00%-58.8pp |
| Employer contribution / active EE | $1,311 | $2,594-49.5% | $3,653-64.1% | $2,440-46.3% |
| Participant deferral / active EE | $2,959 | $3,128-5.4% | $4,236-30.1% | $3,607-18.0% |
| Admin fee / account holder | $634 | $4,251-85.1% | $5,794-89.1% | $5,124-87.6% |