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 6-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 | $93,504 | $46,674+100.3% | $117,472-20.4% | $68,494+36.5% |
| Participation rate | 60.0% | 56.8%+3.2pp | 70.6%-10.6pp | 67.9%-7.9pp |
| Annual return | -14.14% | -14.52%+0.4pp | 29.74%-43.9pp | -7.84%-6.3pp |
| Employer contribution / active EE | $2,144 | $1,505+42.5% | $4,176-48.7% | $2,596-17.4% |
| Participant deferral / active EE | $5,483 | $2,636+108.0% | $4,070+34.7% | $4,027+36.2% |
| Admin fee / account holder | $636 | $4,020-84.2% | $5,645-88.7% | $5,403-88.2% |