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 | $112,019 | $48,046+133.1% | $84,611+32.4% | $72,985+53.5% |
| Participation rate | 47.1% | 57.6%-10.5pp | 68.2%-21.2pp | 69.5%-22.4pp |
| Annual return | 19.10% | 37.38%-18.3pp | 258.74%-239.6pp | 81.00%-61.9pp |
| Employer contribution / active EE | $0 | $1,602-100.0% | $2,652-100.0% | $2,440-100.0% |
| Participant deferral / active EE | $4,958 | $2,680+85.0% | $3,899+27.2% | $3,607+37.4% |
| Admin fee / account holder | $5,318 | $3,395+56.7% | $4,912+8.3% | $5,124+3.8% |