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.
Participant 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 | $24,669 | $45,073-45.3% | $69,455-64.5% | $72,985-66.2% |
| Participation rate | 32.6% | 68.5%-35.9pp | 74.6%-42.0pp | 69.5%-36.9pp |
| Annual return | 1.53% | 22.65%-21.1pp | 28.97%-27.4pp | 81.00%-79.5pp |
| Employer contribution / active EE | $0 | $2,054-100.0% | $2,779-100.0% | $2,440-100.0% |
| Participant deferral / active EE | $744 | $2,602-71.4% | $3,535-79.0% | $3,607-79.4% |
| Admin fee / account holder | $3,906 | $3,056+27.8% | $3,839+1.7% | $5,124-23.8% |