Filed March 11, 2022
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.
Employer 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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $30,037 | $43,075-30.3% | $74,583-59.7% | $62,891-52.2% |
| Participation rate | 8.6% | 58.1%-49.4pp | 68.1%-59.5pp | 69.3%-60.7pp |
| Annual return | -15.28% | 17.50%-32.8pp | 20.47%-35.7pp | 20.14%-35.4pp |
| Employer contribution / active EE | $0 | $1,498-100.0% | $2,525-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $1,288 | $2,389-46.1% | $3,458-62.7% | $3,203-59.8% |
| Admin fee / account holder | $9,548 | $2,840+236.2% | $4,138+130.8% | $4,296+122.3% |