Filed October 26, 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 3-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 | $14,150 | $77,899-81.8% | $149,673-90.5% | $75,163-81.2% |
| Participation rate | 14.6% | 65.6%-51.0pp | 78.8%-64.2pp | 67.2%-52.6pp |
| Annual return | 6.41% | 31.72%-25.3pp | 134.42%-128.0pp | 160.62%-154.2pp |
| Employer contribution / active EE | $410 | $3,137-86.9% | $4,818-91.5% | $2,670-84.6% |
| Participant deferral / active EE | $1,140 | $3,411-66.6% | $5,680-79.9% | $4,125-72.4% |
| Admin fee / account holder | $1,226 | $5,956-79.4% | $13,210-90.7% | $5,651-78.3% |