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 | $85,038 | $91,552-7.1% | $133,956-36.5% | $79,858+6.5% |
| Participation rate | 43.6% | 73.3%-29.7pp | 79.8%-36.2pp | 69.6%-26.0pp |
| Annual return | 15.26% | 61.85%-46.6pp | 45.09%-29.8pp | 31.71%-16.5pp |
| Employer contribution / active EE | $1,314 | $2,384-44.9% | $3,919-66.5% | $2,471-46.8% |
| Participant deferral / active EE | $2,698 | $3,733-27.7% | $5,048-46.5% | $3,740-27.9% |
| Admin fee / account holder | $398 | $6,321-93.7% | $8,927-95.5% | $5,306-92.5% |