Filed March 1, 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 9-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.)
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 | $4,127 | $57,354-92.8% | $83,848-95.1% | $64,186-93.6% |
| Participation rate | 34.1% | 68.6%-34.5pp | 76.1%-42.1pp | 69.6%-35.5pp |
| Annual return | -12.55% | 11.38%-23.9pp | 850.88%-863.4pp | 7.63%-20.2pp |
| Employer contribution / active EE | $0 | $2,545-100.0% | $3,631-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $984 | $2,993-67.1% | $4,082-75.9% | $3,470-71.6% |
| Admin fee / account holder | $722 | $4,046-82.1% | $5,478-86.8% | $4,888-85.2% |