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 | $88,581-77.9% | $145,661-86.6% | $74,304-73.7% |
| Participation rate | 57.8% | 64.9%-7.1pp | 77.2%-19.4pp | 60.3%-2.5pp |
| Annual return | 17.09% | 34.30%-17.2pp | 101.46%-84.4pp | 29.43%-12.3pp |
| Employer contribution / active EE | $356 | $2,612-86.4% | $4,238-91.6% | $2,241-84.1% |
| Participant deferral / active EE | $1,740 | $4,151-58.1% | $7,198-75.8% | $3,767-53.8% |
| Admin fee / account holder | $457 | $2,953-84.5% | $12,466-96.3% | $2,969-84.6% |