Filed February 4, 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.
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 | $13,556 | $76,000-82.2% | $154,107-91.2% | $64,186-78.9% |
| Participation rate | 66.0% | 70.4%-4.5pp | 83.0%-17.1pp | 69.6%-3.6pp |
| Annual return | 6.97% | 30.32%-23.3pp | 735.12%-728.1pp | 7.63%-0.7pp |
| Employer contribution / active EE | $306 | $3,351-90.9% | $5,298-94.2% | $2,381-87.1% |
| Participant deferral / active EE | $4,374 | $3,175+37.8% | $5,081-13.9% | $3,470+26.1% |
| Admin fee / account holder | $2,051 | $5,596-63.4% | $13,411-84.7% | $4,888-58.0% |