Filed October 15, 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,017 | $65,041-3.1% | $90,951-30.7% | $79,858-21.1% |
| Participation rate | 23.5% | 61.6%-38.1pp | 69.0%-45.5pp | 69.6%-46.1pp |
| Annual return | 25.36% | 30.45%-5.1pp | 134.60%-109.2pp | 31.71%-6.4pp |
| Employer contribution / active EE | $0 | $1,247-100.0% | $2,122-100.0% | $2,471-100.0% |
| Participant deferral / active EE | $395 | $2,512-84.3% | $3,373-88.3% | $3,740-89.4% |
| Admin fee / account holder | $14,692 | $4,536+223.9% | $5,959+146.6% | $5,306+176.9% |