Filed July 31, 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 4-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.
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $2,861 | $82,978-96.6% | $130,231-97.8% | $74,419-96.2% |
| Participation rate | 58.3% | 73.7%-15.4pp | 76.3%-18.0pp | 70.7%-12.4pp |
| Annual return | -31.24% | 123.05%-154.3pp | 38.77%-70.0pp | 34.38%-65.6pp |
| Employer contribution / active EE | $0 | $3,391-100.0% | $4,126-100.0% | $2,637-100.0% |
| Participant deferral / active EE | $0 | $5,370-100.0% | $6,799-100.0% | $4,528-100.0% |
| Admin fee / account holder | $1 | $354-99.7% | $6,020-100.0% | $348-99.7% |