Filed March 29, 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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $25,304 | $94,031-73.1% | $115,768-78.1% | $82,448-69.3% |
| Participation rate | 53.2% | 70.4%-17.2pp | 74.4%-21.1pp | 68.1%-14.8pp |
| Annual return | 14.00% | 20.61%-6.6pp | 100.46%-86.5pp | 41.64%-27.6pp |
| Employer contribution / active EE | $1,825 | $2,323-21.4% | $2,940-37.9% | $2,551-28.5% |
| Participant deferral / active EE | $2,630 | $3,972-33.8% | $4,917-46.5% | $4,139-36.5% |
| Admin fee / account holder | $4,351 | $10,249-57.6% | $12,439-65.0% | $7,234-39.9% |