Filed February 12, 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 | $69,419 | $83,369-16.7% | $105,223-34.0% | $67,986+2.1% |
| Participation rate | 56.2% | 56.3%-0.1pp | 75.0%-18.8pp | 57.2%-1.0pp |
| Annual return | 21.01% | 24.64%-3.6pp | 180.65%-159.6pp | 31.67%-10.7pp |
| Employer contribution / active EE | $2,825 | $2,541+11.2% | $3,689-23.4% | $2,019+39.9% |
| Participant deferral / active EE | $5,439 | $3,295+65.1% | $5,072+7.2% | $3,358+62.0% |
| Admin fee / account holder | $2,072 | $4,073-49.1% | $8,859-76.6% | $3,203-35.3% |