Filed June 1, 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 9-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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,642 | $80,753-38.5% | $136,294-63.6% | $62,292-20.3% |
| Participation rate | 55.4% | 73.5%-18.1pp | 81.9%-26.5pp | 69.5%-14.1pp |
| Annual return | 19.40% | 35.83%-16.4pp | 5155.94%-5136.5pp | 28.90%-9.5pp |
| Employer contribution / active EE | $1,714 | $2,884-40.6% | $4,695-63.5% | $2,042-16.1% |
| Participant deferral / active EE | $3,855 | $5,164-25.4% | $6,247-38.3% | $3,169+21.6% |
| Admin fee / account holder | $4,560 | $525+767.9% | $9,243-50.7% | $479+851.4% |