Filed March 28, 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 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 | $19,640 | $72,277-72.8% | $101,248-80.6% | $79,858-75.4% |
| Participation rate | 55.9% | 68.5%-12.6pp | 75.8%-19.9pp | 69.6%-13.8pp |
| Annual return | 27.45% | 22.30%+5.2pp | 46.47%-19.0pp | 31.71%-4.3pp |
| Employer contribution / active EE | $1,693 | $2,692-37.1% | $3,660-53.7% | $2,471-31.5% |
| Participant deferral / active EE | $2,496 | $3,282-23.9% | $4,370-42.9% | $3,740-33.3% |
| Admin fee / account holder | $5,114 | $4,400+16.2% | $5,945-14.0% | $5,306-3.6% |