Filed July 11, 2019
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 | $70,521 | $41,377+70.4% | $109,313-35.5% | $62,891+12.1% |
| Participation rate | 42.6% | 57.5%-15.0pp | 71.3%-28.7pp | 69.3%-26.8pp |
| Annual return | 5.00% | 11.05%-6.0pp | 22.07%-17.1pp | 20.14%-15.1pp |
| Employer contribution / active EE | $1,030 | $1,276-19.3% | $3,892-73.5% | $2,281-54.9% |
| Participant deferral / active EE | $2,822 | $2,045+38.0% | $3,166-10.9% | $3,203-11.9% |
| Admin fee / account holder | $21,834 | $2,884+657.1% | $5,666+285.3% | $4,296+408.3% |