Filed May 18, 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 | $35,254 | $49,177-28.3% | $79,464-55.6% | $64,186-45.1% |
| Participation rate | 68.9% | 65.0%+3.9pp | 73.3%-4.5pp | 69.6%-0.7pp |
| Annual return | -5.28% | -1.16%-4.1pp | 718.14%-723.4pp | 7.63%-12.9pp |
| Employer contribution / active EE | $992 | $2,076-52.2% | $2,800-64.6% | $2,381-58.3% |
| Participant deferral / active EE | $2,358 | $2,821-16.4% | $3,704-36.3% | $3,470-32.0% |
| Admin fee / account holder | $6,848 | $3,839+78.4% | $5,113+33.9% | $4,888+40.1% |