Filed May 17, 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 | $38,854 | $87,841-55.8% | $133,980-71.0% | $62,891-38.2% |
| Participation rate | 65.5% | 83.4%-17.9pp | 87.1%-21.5pp | 69.3%-3.8pp |
| Annual return | 22.15% | 12.05%+10.1pp | 29.30%-7.1pp | 20.14%+2.0pp |
| Employer contribution / active EE | $1,867 | $3,483-46.4% | $5,211-64.2% | $2,281-18.2% |
| Participant deferral / active EE | $2,969 | $4,812-38.3% | $6,282-52.7% | $3,203-7.3% |
| Admin fee / account holder | $1,149 | $5,371-78.6% | $9,324-87.7% | $4,296-73.3% |