Filed July 2, 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 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 | $31,758 | $58,927-46.1% | $76,817-58.7% | $72,985-56.5% |
| Participation rate | 48.6% | 67.3%-18.7pp | 72.1%-23.4pp | 69.5%-20.8pp |
| Annual return | 19.41% | 2305.64%-2286.2pp | 1166.11%-1146.7pp | 81.00%-61.6pp |
| Employer contribution / active EE | $526 | $1,787-70.6% | $2,302-77.1% | $2,440-78.4% |
| Participant deferral / active EE | $1,769 | $2,690-34.3% | $3,336-47.0% | $3,607-51.0% |
| Admin fee / account holder | $1,745 | $4,013-56.5% | $6,420-72.8% | $5,124-65.9% |