Filed April 6, 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 7-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 | $7,769 | $45,343-82.9% | $150,298-94.8% | $67,986-88.6% |
| Participation rate | 16.9% | 51.9%-35.0pp | 77.8%-60.9pp | 57.2%-40.3pp |
| Annual return | 17.38% | 33.28%-15.9pp | 62.79%-45.4pp | 31.67%-14.3pp |
| Employer contribution / active EE | $260 | $1,462-82.2% | $4,154-93.7% | $2,019-87.1% |
| Participant deferral / active EE | $454 | $2,055-77.9% | $5,453-91.7% | $3,358-86.5% |
| Admin fee / account holder | $3,473 | $2,250+54.4% | $14,116-75.4% | $3,203+8.4% |