Filed January 14, 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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $30,615 | $61,272-50.0% | $149,673-79.5% | $71,457-57.2% |
| Participation rate | 47.2% | 62.5%-15.3pp | 78.8%-31.5pp | 67.9%-20.7pp |
| Annual return | -5.69% | 35.85%-41.5pp | 134.42%-140.1pp | 28.85%-34.5pp |
| Employer contribution / active EE | $959 | $2,378-59.7% | $4,818-80.1% | $2,588-62.9% |
| Participant deferral / active EE | $1,557 | $2,917-46.6% | $5,680-72.6% | $4,289-63.7% |
| Admin fee / account holder | $9,538 | $1,261+656.2% | $13,210-27.8% | $1,587+500.9% |