Filed August 20, 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 7-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 | $21,120 | $55,453-61.9% | $170,442-87.6% | $62,292-66.1% |
| Participation rate | 31.8% | 66.4%-34.5pp | 83.6%-51.8pp | 69.5%-37.7pp |
| Annual return | 25.72% | 21.38%+4.3pp | 205.93%-180.2pp | 28.90%-3.2pp |
| Employer contribution / active EE | $227 | $2,164-89.5% | $5,433-95.8% | $2,042-88.9% |
| Participant deferral / active EE | $869 | $2,303-62.3% | $4,939-82.4% | $3,169-72.6% |
| Admin fee / account holder | $1,401 | $455+207.8% | $13,880-89.9% | $479+192.2% |