Filed March 29, 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 10-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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $126,381 | $48,364+161.3% | $71,796+76.0% | $62,891+101.0% |
| Participation rate | 68.8% | 60.6%+8.1pp | 69.1%-0.4pp | 69.3%-0.6pp |
| Annual return | 4.80% | 13.16%-8.4pp | 78.04%-73.2pp | 20.14%-15.3pp |
| Employer contribution / active EE | $1,605 | $1,042+54.1% | $1,924-16.6% | $2,281-29.6% |
| Participant deferral / active EE | $5,907 | $2,091+182.5% | $2,794+111.4% | $3,203+84.4% |
| Admin fee / account holder | $17,056 | $3,771+352.2% | $4,815+254.2% | $4,296+297.1% |