Filed January 13, 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 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.
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 | $16,761 | $52,353-68.0% | $120,225-86.1% | $82,448-79.7% |
| Participation rate | 55.0% | 58.3%-3.3pp | 69.6%-14.6pp | 68.1%-13.1pp |
| Annual return | 8.11% | 61.85%-53.7pp | 439.23%-431.1pp | 41.64%-33.5pp |
| Employer contribution / active EE | $214 | $1,510-85.8% | $3,475-93.8% | $2,551-91.6% |
| Participant deferral / active EE | $1,241 | $2,627-52.8% | $3,999-69.0% | $4,139-70.0% |
| Admin fee / account holder | $1,462 | $4,363-66.5% | $5,696-74.3% | $7,234-79.8% |