Filed December 2, 2021
See peer percentile detail with Solo.
Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
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 | $82,309 | $102,317-19.6% | $146,958-44.0% | $80,856+1.8% |
| Participation rate | 49.5% | 75.8%-26.4pp | 82.2%-32.7pp | 67.6%-18.2pp |
| Annual return | 12.90% | 134.76%-121.9pp | 418.34%-405.4pp | 35.59%-22.7pp |
| Employer contribution / active EE | $2,342 | $3,713-36.9% | $4,933-52.5% | $2,755-15.0% |
| Participant deferral / active EE | $5,389 | $6,644-18.9% | $8,070-33.2% | $4,296+25.5% |
| Admin fee / account holder | $44,720 | $7,941+463.1% | $12,998+244.0% | $6,918+546.4% |