Filed March 18, 2022
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 | $47,881 | $41,854+14.4% | $73,843-35.2% | $52,331-8.5% |
| Participation rate | 43.1% | 66.2%-23.1pp | 73.4%-30.3pp | 68.1%-25.0pp |
| Annual return | -1.48% | 2.11%-3.6pp | 2267.84%-2269.3pp | 4.54%-6.0pp |
| Employer contribution / active EE | $915 | $1,920-52.4% | $2,787-67.2% | $1,882-51.4% |
| Participant deferral / active EE | $1,222 | $2,498-51.1% | $3,583-65.9% | $3,022-59.6% |
| Admin fee / account holder | $4,932 | $493+901.2% | $4,880+1.1% | $592+733.7% |