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 | $83,128 | $78,672+5.7% | $109,143-23.8% | $85,850-3.2% |
| Participation rate | 39.0% | 68.3%-29.3pp | 75.9%-36.9pp | 69.3%-30.3pp |
| Annual return | 14.17% | 25.09%-10.9pp | 25.75%-11.6pp | 318.53%-304.4pp |
| Employer contribution / active EE | $1,139 | $2,735-58.3% | $3,722-69.4% | $2,565-55.6% |
| Participant deferral / active EE | $2,586 | $3,467-25.4% | $4,653-44.4% | $3,952-34.6% |
| Admin fee / account holder | $8,511 | $5,469+55.6% | $6,752+26.0% | $6,260+36.0% |