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 | $88,672+20.9% | $105,223+1.9% | $82,448+30.0% |
| Participation rate | 56.2% | 67.9%-11.8pp | 75.0%-18.9pp | 68.1%-11.9pp |
| Annual return | 15.67% | 30.86%-15.2pp | 180.65%-165.0pp | 41.64%-26.0pp |
| Employer contribution / active EE | $2,558 | $3,048-16.1% | $3,689-30.7% | $2,551+0.3% |
| Participant deferral / active EE | $4,464 | $4,036+10.6% | $5,072-12.0% | $4,139+7.8% |
| Admin fee / account holder | $3,025 | $7,146-57.7% | $8,859-65.9% | $7,234-58.2% |