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 | $65,407 | $89,753-27.1% | $107,525-39.2% | $84,808-22.9% |
| Participation rate | 56.1% | 68.1%-12.0pp | 75.1%-19.0pp | 68.3%-12.2pp |
| Annual return | 23.97% | 29.48%-5.5pp | 181.32%-157.3pp | 40.90%-16.9pp |
| Employer contribution / active EE | $2,207 | $3,113-29.1% | $3,754-41.2% | $2,631-16.1% |
| Participant deferral / active EE | $5,474 | $4,056+34.9% | $5,116+7.0% | $4,212+30.0% |
| Admin fee / account holder | $3,152 | $7,222-56.3% | $8,919-64.7% | $7,344-57.1% |