Filed April 29, 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 | $63,647 | $73,933-13.9% | $96,683-34.2% | $75,163-15.3% |
| Participation rate | 26.2% | 66.4%-40.2pp | 74.3%-48.2pp | 67.2%-41.0pp |
| Annual return | 17.58% | 26.70%-9.1pp | 35.69%-18.1pp | 160.62%-143.0pp |
| Employer contribution / active EE | $1,539 | $2,928-47.4% | $3,737-58.8% | $2,670-42.4% |
| Participant deferral / active EE | $3,106 | $3,659-15.1% | $4,878-36.3% | $4,125-24.7% |
| Admin fee / account holder | $12,317 | $5,216+136.1% | $6,730+83.0% | $5,651+118.0% |