Filed May 27, 2020
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 | $58,755 | $100,041-41.3% | $149,718-60.8% | $70,131-16.2% |
| Participation rate | 69.7% | 83.6%-13.9pp | 87.1%-17.4pp | 69.5%+0.2pp |
| Annual return | 13.87% | 27.43%-13.6pp | 1501.63%-1487.8pp | 73.14%-59.3pp |
| Employer contribution / active EE | $2,381 | $3,662-35.0% | $5,445-56.3% | $2,342+1.7% |
| Participant deferral / active EE | $2,960 | $4,983-40.6% | $6,569-54.9% | $3,332-11.2% |
| Admin fee / account holder | $8,981 | $8,286+8.4% | $11,283-20.4% | $4,645+93.3% |