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 | $58,012 | $44,873+29.3% | $79,464-27.0% | $56,287+3.1% |
| Participation rate | 50.0% | 68.7%-18.7pp | 73.3%-23.3pp | 69.9%-19.9pp |
| Annual return | -6.98% | 0.81%-7.8pp | 718.14%-725.1pp | -9.96%+3.0pp |
| Employer contribution / active EE | $1,085 | $2,140-49.3% | $2,800-61.3% | $2,111-48.6% |
| Participant deferral / active EE | $1,692 | $2,746-38.4% | $3,704-54.3% | $3,350-49.5% |
| Admin fee / account holder | $1,475 | $418+252.4% | $5,113-71.2% | $521+183.1% |