Filed August 17, 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 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 | $38,318 | $57,281-33.1% | $86,612-55.8% | $75,163-49.0% |
| Participation rate | 63.6% | 63.2%+0.4pp | 71.7%-8.1pp | 67.2%-3.6pp |
| Annual return | -7.08% | 2670.75%-2677.8pp | 591.07%-598.1pp | 160.62%-167.7pp |
| Employer contribution / active EE | $0 | $2,314-100.0% | $3,022-100.0% | $2,670-100.0% |
| Participant deferral / active EE | $1,046 | $3,318-68.5% | $4,438-76.4% | $4,125-74.7% |
| Admin fee / account holder | $491 | $4,112-88.1% | $5,614-91.3% | $5,651-91.3% |