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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $19,640 | $67,984-71.1% | $65,493-70.0% | $74,304-73.6% |
| Participation rate | 54.0% | 66.3%-12.3pp | 73.1%-19.1pp | 60.3%-6.3pp |
| Annual return | 10.92% | 19.87%-8.9pp | 982.45%-971.5pp | 29.43%-18.5pp |
| Employer contribution / active EE | $442 | $2,491-82.3% | $2,574-82.8% | $2,241-80.3% |
| Participant deferral / active EE | $1,385 | $3,346-58.6% | $3,961-65.0% | $3,767-63.2% |
| Admin fee / account holder | $2,327 | $1,373+69.5% | $5,028-53.7% | $2,969-21.6% |