Filed June 25, 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 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.
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 | $75,000 | $105,860-29.2% | $90,749-17.4% | $134,475-44.2% |
| Participation rate | 61.1% | 78.2%-17.1pp | 75.7%-14.6pp | 81.2%-20.1pp |
| Annual return | 70.57% | -11.01%+81.6pp | -12.16%+82.7pp | 417.96%-347.4pp |
| Employer contribution / active EE | $2,620 | $3,462-24.3% | $2,921-10.3% | $4,740-44.7% |
| Participant deferral / active EE | $0 | $5,216-100.0% | $4,564-100.0% | $6,400-100.0% |
| Admin fee / account holder | $1,747 | $13,938-87.5% | $8,445-79.3% | $11,426-84.7% |