Filed September 28, 2021
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 | $67,749 | $138,347-51.0% | $184,203-63.2% | $80,856-16.2% |
| Participation rate | 67.6% | 83.9%-16.2pp | 86.8%-19.2pp | 67.6%0pp |
| Annual return | 19.85% | 20.02%-0.2pp | 28.81%-9.0pp | 35.59%-15.7pp |
| Employer contribution / active EE | $913 | $4,850-81.2% | $6,427-85.8% | $2,755-66.8% |
| Participant deferral / active EE | $3,167 | $7,071-55.2% | $9,131-65.3% | $4,296-26.3% |
| Admin fee / account holder | $1,175 | $10,483-88.8% | $13,901-91.5% | $6,918-83.0% |