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 | $75,507 | $43,723+72.7% | $121,196-37.7% | $64,186+17.6% |
| Participation rate | 47.8% | 58.3%-10.5pp | 71.7%-23.9pp | 69.6%-21.7pp |
| Annual return | -5.96% | 68.91%-74.9pp | 16.93%-22.9pp | 7.63%-13.6pp |
| Employer contribution / active EE | $1,457 | $1,296+12.4% | $4,022-63.8% | $2,381-38.8% |
| Participant deferral / active EE | $3,248 | $2,280+42.5% | $3,344-2.9% | $3,470-6.4% |
| Admin fee / account holder | $998 | $3,501-71.5% | $5,019-80.1% | $4,888-79.6% |