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 | $152,283 | $52,279+191.3% | $89,391+70.4% | $79,858+90.7% |
| Participation rate | 63.0% | 57.5%+5.4pp | 68.0%-5.0pp | 69.6%-6.7pp |
| Annual return | 39.45% | 22.16%+17.3pp | 245.62%-206.2pp | 31.71%+7.7pp |
| Employer contribution / active EE | $2,006 | $1,572+27.7% | $2,586-22.4% | $2,471-18.8% |
| Participant deferral / active EE | $8,181 | $2,740+198.6% | $3,890+110.3% | $3,740+118.7% |
| Admin fee / account holder | $3,166 | $3,356-5.7% | $4,881-35.1% | $5,306-40.3% |