Filed July 29, 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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,486 | $57,828-28.3% | $117,039-64.6% | $70,131-40.8% |
| Participation rate | 36.9% | 67.1%-30.2pp | 77.2%-40.3pp | 69.5%-32.6pp |
| Annual return | 5.15% | 17.55%-12.4pp | 18.95%-13.8pp | 73.14%-68.0pp |
| Employer contribution / active EE | $1,009 | $1,816-44.4% | $3,785-73.3% | $2,342-56.9% |
| Participant deferral / active EE | $2,220 | $2,438-8.9% | $3,929-43.5% | $3,332-33.4% |
| Admin fee / account holder | $4,825 | $3,548+36.0% | $5,974-19.2% | $4,645+3.9% |