Filed July 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 6-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.
Employer 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 | $25,631 | $45,343-43.5% | $150,298-82.9% | $67,986-62.3% |
| Participation rate | 15.7% | 51.9%-36.1pp | 77.8%-62.0pp | 57.2%-41.5pp |
| Annual return | 12.17% | 33.28%-21.1pp | 62.79%-50.6pp | 31.67%-19.5pp |
| Employer contribution / active EE | $0 | $1,462-100.0% | $4,154-100.0% | $2,019-100.0% |
| Participant deferral / active EE | $1,125 | $2,055-45.2% | $5,453-79.4% | $3,358-66.5% |
| Admin fee / account holder | $6,201 | $2,250+175.6% | $14,116-56.1% | $3,203+93.6% |