Filed August 10, 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.
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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $60,480 | $59,805+1.1% | $79,550-24.0% | $68,494-11.7% |
| Participation rate | 68.2% | 61.1%+7.2pp | 69.5%-1.3pp | 67.9%+0.3pp |
| Annual return | -20.34% | -12.30%-8.0pp | 0.16%-20.5pp | -7.84%-12.5pp |
| Employer contribution / active EE | $1,693 | $1,505+12.5% | $2,413-29.8% | $2,596-34.8% |
| Participant deferral / active EE | $3,360 | $3,024+11.1% | $3,985-15.7% | $4,027-16.6% |
| Admin fee / account holder | $9,408 | $4,835+94.6% | $6,832+37.7% | $5,403+74.1% |