Filed January 21, 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 | $122,113 | $48,230+153.2% | $67,502+80.9% | $80,856+51.0% |
| Participation rate | 46.6% | 66.4%-19.8pp | 72.9%-26.3pp | 67.6%-21.1pp |
| Annual return | 12.78% | 18.28%-5.5pp | 3512.12%-3499.3pp | 35.59%-22.8pp |
| Employer contribution / active EE | $2,741 | $2,020+35.7% | $2,731+0.4% | $2,755-0.5% |
| Participant deferral / active EE | $4,451 | $2,924+52.2% | $4,000+11.3% | $4,296+3.6% |
| Admin fee / account holder | $7,318 | $3,681+98.8% | $3,998+83.0% | $6,918+5.8% |