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 | $56,136 | $81,460-31.1% | $103,333-45.7% | $80,856-30.6% |
| Participation rate | 53.4% | 66.8%-13.4pp | 74.5%-21.1pp | 67.6%-14.2pp |
| Annual return | 59.07% | 25.55%+33.5pp | 24.88%+34.2pp | 35.59%+23.5pp |
| Employer contribution / active EE | $2,102 | $3,105-32.3% | $3,868-45.7% | $2,755-23.7% |
| Participant deferral / active EE | $5,246 | $3,869+35.6% | $5,057+3.7% | $4,296+22.1% |
| Admin fee / account holder | $2,347 | $6,566-64.3% | $8,355-71.9% | $6,918-66.1% |