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 | $51,638-81.1% | $68,368-85.7% | $82,448-88.2% |
| Participation rate | 69.6% | 63.6%+6.0pp | 73.8%-4.1pp | 68.1%+1.6pp |
| Annual return | 12.71% | 37.53%-24.8pp | 292.57%-279.9pp | 41.64%-28.9pp |
| Employer contribution / active EE | $17 | $2,047-99.2% | $2,649-99.3% | $2,551-99.3% |
| Participant deferral / active EE | $981 | $2,914-66.3% | $4,123-76.2% | $4,139-76.3% |
| Admin fee / account holder | $2,235 | $4,643-51.9% | $5,150-56.6% | $7,234-69.1% |