Filed March 28, 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 9-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 | $22,938 | $64,707-64.6% | $112,228-79.6% | $68,494-66.5% |
| Participation rate | 45.6% | 67.2%-21.6pp | 75.1%-29.5pp | 67.9%-22.3pp |
| Annual return | -13.37% | -11.40%-2.0pp | 27.45%-40.8pp | -7.84%-5.5pp |
| Employer contribution / active EE | $1,474 | $2,746-46.3% | $3,635-59.4% | $2,596-43.2% |
| Participant deferral / active EE | $2,510 | $3,565-29.6% | $4,728-46.9% | $4,027-37.7% |
| Admin fee / account holder | $499 | $5,232-90.5% | $6,410-92.2% | $5,403-90.8% |