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.)
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 | $14,609 | $81,460-82.1% | $103,333-85.9% | $80,856-81.9% |
| Participation rate | 61.3% | 66.8%-5.6pp | 74.5%-13.2pp | 67.6%-6.3pp |
| Annual return | 18.03% | 25.55%-7.5pp | 24.88%-6.8pp | 35.59%-17.6pp |
| Employer contribution / active EE | $1,529 | $3,105-50.7% | $3,868-60.5% | $2,755-44.5% |
| Participant deferral / active EE | $2,232 | $3,869-42.3% | $5,057-55.9% | $4,296-48.0% |
| Admin fee / account holder | $1,332 | $6,566-79.7% | $8,355-84.1% | $6,918-80.7% |