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.
Employer 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 | $33,444 | $54,701-38.9% | $86,188-61.2% | $71,457-53.2% |
| Participation rate | 33.6% | 60.1%-26.6pp | 69.0%-35.4pp | 67.9%-34.4pp |
| Annual return | 16.16% | 20.06%-3.9pp | 1168.45%-1152.3pp | 28.85%-12.7pp |
| Employer contribution / active EE | $222 | $1,265-82.4% | $2,380-90.7% | $2,588-91.4% |
| Participant deferral / active EE | $2,524 | $3,108-18.8% | $3,985-36.7% | $4,289-41.1% |
| Admin fee / account holder | $6,853 | $1,922+256.7% | $6,8520% | $1,587+331.8% |