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 | $81,388 | $46,869+73.7% | $122,332-33.5% | $70,131+16.1% |
| Participation rate | 45.5% | 58.2%-12.7pp | 71.6%-26.2pp | 69.5%-24.1pp |
| Annual return | 15.20% | 24.22%-9.0pp | 30.27%-15.1pp | 73.14%-57.9pp |
| Employer contribution / active EE | $1,410 | $1,288+9.5% | $4,050-65.2% | $2,342-39.8% |
| Participant deferral / active EE | $3,430 | $2,166+58.3% | $3,287+4.3% | $3,332+2.9% |
| Admin fee / account holder | $5,478 | $3,322+64.9% | $5,4780% | $4,645+17.9% |