Filed November 2, 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 | $21,682 | $52,681-58.8% | $75,781-71.4% | $59,632-63.6% |
| Participation rate | 55.1% | 67.2%-12.1pp | 75.8%-20.7pp | 68.7%-13.5pp |
| Annual return | 0.15% | 2.95%-2.8pp | 9.68%-9.5pp | 2041.28%-2041.1pp |
| Employer contribution / active EE | $0 | $2,193-100.0% | $3,323-100.0% | $2,203-100.0% |
| Participant deferral / active EE | $1,709 | $2,591-34.0% | $3,651-53.2% | $3,192-46.4% |
| Admin fee / account holder | $3,880 | $3,610+7.5% | $5,299-26.8% | $4,297-9.7% |