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 | $86,944-20.2% | $107,525-35.4% | $74,304-6.6% |
| Participation rate | 56.2% | 59.6%-3.3pp | 75.1%-18.9pp | 60.3%-4.1pp |
| Annual return | 21.01% | 23.52%-2.5pp | 181.32%-160.3pp | 29.43%-8.4pp |
| Employer contribution / active EE | $2,825 | $2,757+2.5% | $3,754-24.7% | $2,241+26.0% |
| Participant deferral / active EE | $5,439 | $3,554+53.0% | $5,116+6.3% | $3,767+44.4% |
| Admin fee / account holder | $2,072 | $3,727-44.4% | $8,919-76.8% | $2,969-30.2% |