Filed February 28, 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.
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.)
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 | $23,236 | $82,032-71.7% | $123,104-81.1% | $59,632-61.0% |
| Participation rate | 59.5% | 83.2%-23.7pp | 86.8%-27.3pp | 68.7%-9.2pp |
| Annual return | -4.25% | 5.12%-9.4pp | 13.22%-17.5pp | 2041.28%-2045.5pp |
| Employer contribution / active EE | $0 | $3,297-100.0% | $5,151-100.0% | $2,203-100.0% |
| Participant deferral / active EE | $2,561 | $4,667-45.1% | $6,230-58.9% | $3,192-19.8% |
| Admin fee / account holder | $1,009 | $5,881-82.8% | $9,015-88.8% | $4,297-76.5% |