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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,025 | $69,763-74.2% | $67,502-73.3% | $74,495-75.8% |
| Participation rate | 45.3% | 71.4%-26.0pp | 72.9%-27.6pp | 67.2%-21.9pp |
| Annual return | 25.81% | -40.34%+66.1pp | 3512.12%-3486.3pp | 1364.94%-1339.1pp |
| Employer contribution / active EE | $447 | $2,704-83.5% | $2,731-83.6% | $2,623-83.0% |
| Participant deferral / active EE | $1,274 | $3,636-65.0% | $4,000-68.1% | $4,346-70.7% |
| Admin fee / account holder | $3,027 | $896+237.8% | $3,998-24.3% | $1,942+55.9% |