Filed August 31, 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 9-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 | $13,828 | $48,277-71.4% | $67,511-79.5% | $80,874-82.9% |
| Participation rate | 55.6% | 66.4%-10.8pp | 72.9%-17.3pp | 67.6%-12.1pp |
| Annual return | 13.07% | 18.27%-5.2pp | 3517.41%-3504.3pp | 35.62%-22.5pp |
| Employer contribution / active EE | $364 | $2,021-82.0% | $2,733-86.7% | $2,756-86.8% |
| Participant deferral / active EE | $649 | $2,926-77.8% | $4,000-83.8% | $4,297-84.9% |
| Admin fee / account holder | $496 | $3,687-86.5% | $3,999-87.6% | $6,935-92.8% |