Filed May 19, 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 | $127,328 | $165,984-23.3% | $164,813-22.7% | $145,922-12.7% |
| Participation rate | 54.5% | 82.0%-27.5pp | 78.6%-24.1pp | 80.3%-25.7pp |
| Annual return | 19.54% | 100.03%-80.5pp | 69.93%-50.4pp | 561.29%-541.7pp |
| Employer contribution / active EE | $2,906 | $5,273-44.9% | $4,341-33.1% | $4,660-37.6% |
| Participant deferral / active EE | $3,937 | $6,959-43.4% | $6,031-34.7% | $6,688-41.1% |
| Admin fee / account holder | $28,140 | $16,648+69.0% | $12,690+121.7% | $13,397+110.0% |