Filed September 23, 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 | $42,224 | $45,035-6.2% | $62,995-33.0% | $70,131-39.8% |
| Participation rate | 67.4% | 69.5%-2.1pp | 74.8%-7.4pp | 69.5%-2.1pp |
| Annual return | 17.09% | 18.76%-1.7pp | 87.57%-70.5pp | 73.14%-56.1pp |
| Employer contribution / active EE | $1,423 | $2,051-30.6% | $2,759-48.4% | $2,342-39.2% |
| Participant deferral / active EE | $3,923 | $2,465+59.2% | $3,329+17.8% | $3,332+17.7% |
| Admin fee / account holder | $5,828 | $2,834+105.6% | $3,600+61.9% | $4,645+25.5% |