Filed June 1, 2022
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 4-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.
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 | $11,019 | $73,933-85.1% | $96,683-88.6% | $75,163-85.3% |
| Participation rate | 51.6% | 66.4%-14.8pp | 74.3%-22.7pp | 67.2%-15.6pp |
| Annual return | -26.74% | 26.70%-53.4pp | 35.69%-62.4pp | 160.62%-187.4pp |
| Employer contribution / active EE | $1,134 | $2,928-61.3% | $3,737-69.6% | $2,670-57.5% |
| Participant deferral / active EE | $2,292 | $3,659-37.4% | $4,878-53.0% | $4,125-44.4% |
| Admin fee / account holder | $3,661 | $5,216-29.8% | $6,730-45.6% | $5,651-35.2% |