Filed April 29, 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,291 | $45,035-52.7% | $62,995-66.2% | $70,131-69.6% |
| Participation rate | 47.4% | 69.5%-22.1pp | 74.8%-27.4pp | 69.5%-22.1pp |
| Annual return | 11.30% | 18.76%-7.5pp | 87.57%-76.3pp | 73.14%-61.8pp |
| Employer contribution / active EE | $348 | $2,051-83.0% | $2,759-87.4% | $2,342-85.1% |
| Participant deferral / active EE | $1,584 | $2,465-35.7% | $3,329-52.4% | $3,332-52.4% |
| Admin fee / account holder | $3,410 | $2,834+20.3% | $3,600-5.3% | $4,645-26.6% |