Filed February 4, 2022
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.
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 | $107,028 | $81,900+30.7% | $119,609-10.5% | $68,494+56.3% |
| Participation rate | 62.7% | 71.9%-9.1pp | 79.3%-16.5pp | 67.9%-5.1pp |
| Annual return | -18.24% | -23.82%+5.6pp | -14.97%-3.3pp | -7.84%-10.4pp |
| Employer contribution / active EE | $657 | $2,693-75.6% | $4,232-84.5% | $2,596-74.7% |
| Participant deferral / active EE | $5,544 | $4,148+33.7% | $5,602-1.0% | $4,027+37.7% |
| Admin fee / account holder | $7,027 | $6,582+6.8% | $10,323-31.9% | $5,403+30.1% |