Filed June 1, 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 6-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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $43,021 | $45,152-4.7% | $73,843-41.7% | $59,632-27.9% |
| Participation rate | 17.9% | 64.0%-46.2pp | 73.4%-55.6pp | 68.7%-50.8pp |
| Annual return | -3.60% | 27.40%-31.0pp | 2267.84%-2271.4pp | 2041.28%-2044.9pp |
| Employer contribution / active EE | $0 | $1,902-100.0% | $2,787-100.0% | $2,203-100.0% |
| Participant deferral / active EE | $1,149 | $2,574-55.4% | $3,583-67.9% | $3,192-64.0% |
| Admin fee / account holder | $4,269 | $3,516+21.4% | $4,880-12.5% | $4,297-0.7% |