Filed May 12, 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 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.
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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $11,911 | $52,884-77.5% | $84,750-85.9% | $55,167-78.4% |
| Participation rate | 19.8% | 67.5%-47.7pp | 76.6%-56.8pp | 69.0%-49.2pp |
| Annual return | 4.74% | 18.03%-13.3pp | 22.78%-18.0pp | 169.23%-164.5pp |
| Employer contribution / active EE | $0 | $2,233-100.0% | $3,574-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $346 | $2,644-86.9% | $3,712-90.7% | $3,054-88.7% |
| Admin fee / account holder | $3,801 | $581+554.5% | $5,332-28.7% | $504+654.3% |