Filed June 11, 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 | $86,758 | $91,760-5.5% | $156,181-44.5% | $67,986+27.6% |
| Participation rate | 68.6% | 65.0%+3.6pp | 78.8%-10.2pp | 57.2%+11.4pp |
| Annual return | 21.21% | 18.14%+3.1pp | 64.87%-43.7pp | 31.67%-10.5pp |
| Employer contribution / active EE | $3,162 | $2,419+30.7% | $4,294-26.4% | $2,019+56.6% |
| Participant deferral / active EE | $5,867 | $3,960+48.1% | $6,132-4.3% | $3,358+74.7% |
| Admin fee / account holder | $11,026 | $3,949+179.2% | $14,586-24.4% | $3,203+244.2% |