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 | $68,048 | $51,620+31.8% | $90,281-24.6% | $65,185+4.4% |
| Participation rate | 42.5% | 68.6%-26.2pp | 73.3%-30.8pp | 70.2%-27.7pp |
| Annual return | 20.54% | 24.94%-4.4pp | 78.10%-57.6pp | 29.38%-8.8pp |
| Employer contribution / active EE | $1,117 | $2,235-50.0% | $2,854-60.9% | $2,177-48.7% |
| Participant deferral / active EE | $1,690 | $2,871-41.1% | $3,885-56.5% | $3,514-51.9% |
| Admin fee / account holder | $9,174 | $384+2287.2% | $5,351+71.4% | $847+983.0% |