Filed April 22, 2022
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 | $74,811 | $83,477-10.4% | $125,175-40.2% | $72,985+2.5% |
| Participation rate | 45.7% | 73.3%-27.7pp | 79.8%-34.1pp | 69.5%-23.8pp |
| Annual return | 25.81% | 25.78%0pp | 43.79%-18.0pp | 81.00%-55.2pp |
| Employer contribution / active EE | $1,320 | $2,345-43.7% | $3,865-65.9% | $2,440-45.9% |
| Participant deferral / active EE | $3,002 | $3,585-16.3% | $4,937-39.2% | $3,607-16.8% |
| Admin fee / account holder | $3,125 | $5,517-43.4% | $9,702-67.8% | $5,124-39.0% |