Filed May 9, 2022
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.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $48,263 | $87,013-44.5% | $106,213-54.6% | $80,856-40.3% |
| Participation rate | 32.0% | 70.4%-38.4pp | 75.3%-43.3pp | 67.6%-35.6pp |
| Annual return | 12.73% | 17.05%-4.3pp | 116.14%-103.4pp | 35.59%-22.9pp |
| Employer contribution / active EE | $1,172 | $2,395-51.1% | $3,171-63.0% | $2,755-57.5% |
| Participant deferral / active EE | $1,402 | $3,986-64.8% | $5,016-72.1% | $4,296-67.4% |
| Admin fee / account holder | $327 | $8,431-96.1% | $11,033-97.0% | $6,918-95.3% |