Filed June 13, 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $107,182 | $89,753+19.4% | $107,525-0.3% | $84,808+26.4% |
| Participation rate | 56.2% | 68.1%-11.9pp | 75.1%-18.9pp | 68.3%-12.1pp |
| Annual return | 15.67% | 29.48%-13.8pp | 181.32%-165.6pp | 40.90%-25.2pp |
| Employer contribution / active EE | $2,558 | $3,113-17.8% | $3,754-31.9% | $2,631-2.8% |
| Participant deferral / active EE | $4,464 | $4,056+10.1% | $5,116-12.7% | $4,212+6.0% |
| Admin fee / account holder | $3,025 | $7,222-58.1% | $8,919-66.1% | $7,344-58.8% |