Filed March 4, 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 | $100,248 | $110,094-8.9% | $151,611-33.9% | $68,494+46.4% |
| Participation rate | 54.9% | 84.0%-29.1pp | 87.5%-32.6pp | 67.9%-13.0pp |
| Annual return | -15.56% | -10.12%-5.4pp | 3.33%-18.9pp | -7.84%-7.7pp |
| Employer contribution / active EE | $3,556 | $4,471-20.5% | $6,166-42.3% | $2,596+37.0% |
| Participant deferral / active EE | $7,012 | $6,527+7.4% | $8,363-16.2% | $4,027+74.1% |
| Admin fee / account holder | $4,444 | $7,719-42.4% | $11,616-61.7% | $5,403-17.7% |