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 | $49,915-84.4% | $154,803-95.0% | $74,304-89.5% |
| Participation rate | 16.9% | 54.0%-37.1pp | 78.1%-61.2pp | 60.3%-43.5pp |
| Annual return | 17.38% | 34.06%-16.7pp | 58.88%-41.5pp | 29.43%-12.1pp |
| Employer contribution / active EE | $260 | $1,611-83.9% | $4,305-94.0% | $2,241-88.4% |
| Participant deferral / active EE | $454 | $2,255-79.9% | $5,540-91.8% | $3,767-87.9% |
| Admin fee / account holder | $3,473 | $2,189+58.6% | $14,329-75.8% | $2,969+17.0% |