Filed September 7, 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.
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 | $28,836 | $63,346-54.5% | $92,233-68.7% | $70,131-58.9% |
| Participation rate | 48.1% | 68.7%-20.6pp | 76.5%-28.4pp | 69.5%-21.5pp |
| Annual return | 11.05% | 530.12%-519.1pp | 176.28%-165.2pp | 73.14%-62.1pp |
| Employer contribution / active EE | $1,179 | $2,471-52.3% | $3,679-68.0% | $2,342-49.7% |
| Participant deferral / active EE | $2,032 | $2,854-28.8% | $3,897-47.8% | $3,332-39.0% |
| Admin fee / account holder | $1,832 | $3,840-52.3% | $5,194-64.7% | $4,645-60.6% |