Filed July 9, 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.)
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 | $15,255 | $58,828-74.1% | $77,999-80.4% | $62,891-75.7% |
| Participation rate | 16.7% | 71.1%-54.4pp | 75.5%-58.9pp | 69.3%-52.6pp |
| Annual return | 7.71% | 17.16%-9.4pp | 425.96%-418.2pp | 20.14%-12.4pp |
| Employer contribution / active EE | $345 | $1,672-79.3% | $2,470-86.0% | $2,281-84.9% |
| Participant deferral / active EE | $580 | $2,686-78.4% | $3,497-83.4% | $3,203-81.9% |
| Admin fee / account holder | $1,605 | $4,393-63.5% | $5,480-70.7% | $4,296-62.6% |