Filed June 25, 2021
Unlock peer percentile detail for $4.99 your first month
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Unlock 10-year trajectory for $4.99 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 | $58,234-31.2% | $81,783-51.0% | $80,874-50.5% |
| Participation rate | 50.6% | 63.4%-12.9pp | 72.4%-21.8pp | 67.6%-17.1pp |
| Annual return | 8.74% | 41.70%-33.0pp | 775.05%-766.3pp | 35.62%-26.9pp |
| Employer contribution / active EE | $693 | $2,341-70.4% | $2,913-76.2% | $2,756-74.9% |
| Participant deferral / active EE | $2,380 | $3,283-27.5% | $4,320-44.9% | $4,297-44.6% |
| Admin fee / account holder | $8,997 | $4,982+80.6% | $7,380+21.9% | $6,935+29.7% |