Filed December 2, 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 | $9,758 | $54,705-82.2% | $71,209-86.3% | $84,808-88.5% |
| Participation rate | 69.6% | 64.1%+5.6pp | 73.8%-4.1pp | 68.3%+1.3pp |
| Annual return | 12.71% | 35.90%-23.2pp | 282.51%-269.8pp | 40.90%-28.2pp |
| Employer contribution / active EE | $17 | $2,158-99.2% | $2,721-99.4% | $2,631-99.3% |
| Participant deferral / active EE | $981 | $3,030-67.6% | $4,175-76.5% | $4,212-76.7% |
| Admin fee / account holder | $2,235 | $4,863-54.0% | $5,349-58.2% | $7,344-69.6% |