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 | $102,464 | $51,576+98.7% | $129,207-20.7% | $80,856+26.7% |
| Participation rate | 59.3% | 57.0%+2.3pp | 69.6%-10.3pp | 67.6%-8.3pp |
| Annual return | 11.28% | 20.81%-9.5pp | 9417.33%-9406.0pp | 35.59%-24.3pp |
| Employer contribution / active EE | $2,124 | $1,584+34.1% | $4,153-48.9% | $2,755-22.9% |
| Participant deferral / active EE | $5,086 | $2,669+90.6% | $4,168+22.0% | $4,296+18.4% |
| Admin fee / account holder | $22,589 | $4,305+424.7% | $7,715+192.8% | $6,918+226.5% |