Filed September 27, 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 | $201,322 | $93,571+115.2% | $135,903+48.1% | $75,163+167.8% |
| Participation rate | 60.3% | 75.2%-14.8pp | 81.9%-21.6pp | 67.2%-6.8pp |
| Annual return | 26.65% | 30.90%-4.2pp | 68.23%-41.6pp | 160.62%-134.0pp |
| Employer contribution / active EE | $2,677 | $3,537-24.3% | $4,856-44.9% | $2,670+0.3% |
| Participant deferral / active EE | $6,833 | $6,404+6.7% | $7,758-11.9% | $4,125+65.6% |
| Admin fee / account holder | $5,887 | $6,975-15.6% | $10,762-45.3% | $5,651+4.2% |