Filed April 28, 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 | $54,269 | $67,411-19.5% | $91,001-40.4% | $70,131-22.6% |
| Participation rate | 67.0% | 71.4%-4.4pp | 75.6%-8.6pp | 69.5%-2.5pp |
| Annual return | 13.18% | -40.16%+53.3pp | 4.60%+8.6pp | 73.14%-60.0pp |
| Employer contribution / active EE | $1,017 | $1,786-43.1% | $2,456-58.6% | $2,342-56.6% |
| Participant deferral / active EE | $3,075 | $2,823+9.0% | $3,547-13.3% | $3,332-7.7% |
| Admin fee / account holder | $3,562 | $4,236-15.9% | $5,417-34.2% | $4,645-23.3% |