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 | $105,508 | $101,724+3.7% | $164,813-36.0% | $80,856+30.5% |
| Participation rate | 66.7% | 71.8%-5.2pp | 78.6%-11.9pp | 67.6%-1.0pp |
| Annual return | 14.77% | 16.72%-1.9pp | 69.93%-55.2pp | 35.59%-20.8pp |
| Employer contribution / active EE | $627 | $2,953-78.8% | $4,341-85.6% | $2,755-77.3% |
| Participant deferral / active EE | $5,293 | $4,477+18.2% | $6,031-12.2% | $4,296+23.2% |
| Admin fee / account holder | $11,080 | $8,227+34.7% | $12,690-12.7% | $6,918+60.2% |