Filed June 9, 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.
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 | $15,897 | $45,152-64.8% | $73,843-78.5% | $59,632-73.3% |
| Participation rate | 38.1% | 64.0%-25.9pp | 73.4%-35.3pp | 68.7%-30.6pp |
| Annual return | -5.40% | 27.40%-32.8pp | 2267.84%-2273.2pp | 2041.28%-2046.7pp |
| Employer contribution / active EE | $555 | $1,902-70.8% | $2,787-80.1% | $2,203-74.8% |
| Participant deferral / active EE | $814 | $2,574-68.4% | $3,583-77.3% | $3,192-74.5% |
| Admin fee / account holder | $816 | $3,516-76.8% | $4,880-83.3% | $4,297-81.0% |