Filed May 28, 2020
Unlock peer percentile detail for $4.99 your first month
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Unlock 6-year trajectory for $4.99 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 | $28,964 | $77,523-62.6% | $100,383-71.1% | $80,874-64.2% |
| Participation rate | 53.8% | 77.0%-23.1pp | 81.5%-27.7pp | 67.6%-13.8pp |
| Annual return | 13.99% | 37.21%-23.2pp | 49.26%-35.3pp | 35.62%-21.6pp |
| Employer contribution / active EE | $1,727 | $2,801-38.3% | $3,944-56.2% | $2,756-37.3% |
| Participant deferral / active EE | $2,167 | $6,822-68.2% | $8,086-73.2% | $4,297-49.6% |
| Admin fee / account holder | $2,968 | $5,899-49.7% | $7,900-62.4% | $6,935-57.2% |