Filed May 28, 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 7-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.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $34,873 | $80,673-56.8% | $101,326-65.6% | $84,808-58.9% |
| Participation rate | 57.7% | 77.8%-20.1pp | 81.5%-23.8pp | 68.3%-10.6pp |
| Annual return | 14.53% | 38.95%-24.4pp | 36.82%-22.3pp | 40.90%-26.4pp |
| Employer contribution / active EE | $1,667 | $2,698-38.2% | $3,665-54.5% | $2,631-36.7% |
| Participant deferral / active EE | $2,306 | $6,840-66.3% | $7,994-71.2% | $4,212-45.2% |
| Admin fee / account holder | $4,405 | $12,784-65.5% | $11,185-60.6% | $7,344-40.0% |