Filed June 1, 2020
Total covered: 3 employees
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 10-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 | $26,201 | $52,681-50.3% | $75,781-65.4% | $59,632-56.1% |
| Participation rate | 35.7% | 67.2%-31.5pp | 75.8%-40.1pp | 68.7%-33.0pp |
| Annual return | 8.93% | 2.95%+6.0pp | 9.68%-0.7pp | 2041.28%-2032.3pp |
| Employer contribution / active EE | $605 | $2,193-72.4% | $3,323-81.8% | $2,203-72.6% |
| Participant deferral / active EE | $1,020 | $2,591-60.6% | $3,651-72.1% | $3,192-68.0% |
| Admin fee / account holder | $2,441 | $3,610-32.4% | $5,299-53.9% | $4,297-43.2% |