Filed May 6, 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 | $30,923 | $51,576-40.0% | $129,207-76.1% | $80,856-61.8% |
| Participation rate | 33.0% | 57.0%-24.0pp | 69.6%-36.6pp | 67.6%-34.6pp |
| Annual return | 15.12% | 20.81%-5.7pp | 9417.33%-9402.2pp | 35.59%-20.5pp |
| Employer contribution / active EE | $1,131 | $1,584-28.6% | $4,153-72.8% | $2,755-58.9% |
| Participant deferral / active EE | $1,685 | $2,669-36.9% | $4,168-59.6% | $4,296-60.8% |
| Admin fee / account holder | $2,253 | $4,305-47.7% | $7,715-70.8% | $6,918-67.4% |