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 | $100,615 | $125,758-20.0% | $169,993-40.8% | $75,163+33.9% |
| Participation rate | 62.8% | 83.6%-20.8pp | 87.0%-24.2pp | 67.2%-4.4pp |
| Annual return | 19.12% | 27.20%-8.1pp | 53.37%-34.3pp | 160.62%-141.5pp |
| Employer contribution / active EE | $3,776 | $4,615-18.2% | $6,785-44.4% | $2,670+41.4% |
| Participant deferral / active EE | $7,941 | $6,837+16.1% | $10,408-23.7% | $4,125+92.5% |
| Admin fee / account holder | $16,376 | $8,173+100.4% | $12,815+27.8% | $5,651+189.8% |