Filed March 26, 2021 (most recent of 2 filings on file)
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 4-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.)
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 | $19,539 | $84,685-76.9% | $142,942-86.3% | $67,986-71.3% |
| Participation rate | 57.8% | 61.4%-3.6pp | 76.8%-19.0pp | 57.2%+0.6pp |
| Annual return | 17.09% | 35.89%-18.8pp | 113.70%-96.6pp | 31.67%-14.6pp |
| Employer contribution / active EE | $356 | $2,263-84.3% | $4,139-91.4% | $2,019-82.4% |
| Participant deferral / active EE | $1,740 | $3,832-54.6% | $7,128-75.6% | $3,358-48.2% |
| Admin fee / account holder | $457 | $3,229-85.8% | $12,475-96.3% | $3,203-85.7% |