Filed March 8, 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 | $16,246 | $39,122-58.5% | $57,179-71.6% | $62,891-74.2% |
| Participation rate | 55.3% | 70.5%-15.2pp | 75.3%-20.0pp | 69.3%-14.0pp |
| Annual return | 16.30% | 9.23%+7.1pp | 14.59%+1.7pp | 20.14%-3.8pp |
| Employer contribution / active EE | $411 | $1,874-78.1% | $2,682-84.7% | $2,281-82.0% |
| Participant deferral / active EE | $1,341 | $2,374-43.5% | $3,096-56.7% | $3,203-58.1% |
| Admin fee / account holder | $494 | $2,592-81.0% | $3,139-84.3% | $4,296-88.5% |