Filed June 25, 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.
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 | $40,039 | $58,208-31.2% | $81,812-51.1% | $80,856-50.5% |
| Participation rate | 50.6% | 63.4%-12.8pp | 72.3%-21.8pp | 67.6%-17.1pp |
| Annual return | 8.74% | 41.66%-32.9pp | 773.79%-765.1pp | 35.59%-26.9pp |
| Employer contribution / active EE | $693 | $2,340-70.4% | $2,912-76.2% | $2,755-74.8% |
| Participant deferral / active EE | $2,380 | $3,281-27.5% | $4,319-44.9% | $4,296-44.6% |
| Admin fee / account holder | $8,997 | $4,981+80.6% | $7,386+21.8% | $6,918+30.0% |