Filed April 13, 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 4-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 | $38,890 | $73,933-47.4% | $96,683-59.8% | $75,163-48.3% |
| Participation rate | 52.9% | 66.4%-13.5pp | 74.3%-21.4pp | 67.2%-14.3pp |
| Annual return | 45.29% | 26.70%+18.6pp | 35.69%+9.6pp | 160.62%-115.3pp |
| Employer contribution / active EE | $2,262 | $2,928-22.7% | $3,737-39.5% | $2,670-15.3% |
| Participant deferral / active EE | $5,897 | $3,659+61.2% | $4,878+20.9% | $4,125+43.0% |
| Admin fee / account holder | $952 | $5,216-81.7% | $6,730-85.8% | $5,651-83.1% |