Filed March 23, 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 | $91,888 | $42,383+116.8% | $76,523+20.1% | $64,186+43.2% |
| Participation rate | 54.5% | 58.1%-3.6pp | 68.0%-13.5pp | 69.6%-15.0pp |
| Annual return | -5.05% | -16.54%+11.5pp | -0.27%-4.8pp | 7.63%-12.7pp |
| Employer contribution / active EE | $0 | $1,563-100.0% | $2,647-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $6,296 | $2,566+145.3% | $3,835+64.2% | $3,470+81.5% |
| Admin fee / account holder | $1,459 | $3,198-54.4% | $4,848-69.9% | $4,888-70.1% |