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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $12,069 | $54,762-78.0% | $90,281-86.6% | $72,985-83.5% |
| Participation rate | 38.7% | 65.1%-26.4pp | 73.3%-34.6pp | 69.5%-30.8pp |
| Annual return | 13.66% | 30.63%-17.0pp | 78.10%-64.4pp | 81.00%-67.3pp |
| Employer contribution / active EE | $0 | $2,092-100.0% | $2,854-100.0% | $2,440-100.0% |
| Participant deferral / active EE | $875 | $2,887-69.7% | $3,885-77.5% | $3,607-75.7% |
| Admin fee / account holder | $13,573 | $3,972+241.7% | $5,351+153.6% | $5,124+164.9% |