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.
Participant 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 | $14,300 | $54,350-73.7% | $82,719-82.7% | $68,494-79.1% |
| Participation rate | 20.6% | 63.9%-43.3pp | 72.6%-52.0pp | 67.9%-47.3pp |
| Annual return | -11.96% | -13.67%+1.7pp | 701.18%-713.1pp | -7.84%-4.1pp |
| Employer contribution / active EE | $0 | $2,218-100.0% | $3,009-100.0% | $2,596-100.0% |
| Participant deferral / active EE | $423 | $3,246-87.0% | $4,395-90.4% | $4,027-89.5% |
| Admin fee / account holder | $11,976 | $4,395+172.5% | $5,329+124.7% | $5,403+121.7% |