Filed April 7, 2021
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 | $51,953 | $70,667-26.5% | $123,104-57.8% | $52,331-0.7% |
| Participation rate | 69.0% | 83.7%-14.7pp | 86.8%-17.7pp | 68.1%+0.9pp |
| Annual return | -0.93% | 6.23%-7.2pp | 13.22%-14.2pp | 4.54%-5.5pp |
| Employer contribution / active EE | $1,238 | $2,946-58.0% | $5,151-76.0% | $1,882-34.2% |
| Participant deferral / active EE | $2,792 | $4,493-37.9% | $6,230-55.2% | $3,022-7.6% |
| Admin fee / account holder | $2,216 | $506+337.5% | $9,015-75.4% | $592+274.6% |