Filed June 11, 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 5-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 | $24,080 | $80,717-70.2% | $154,803-84.4% | $84,808-71.6% |
| Participation rate | 42.6% | 66.8%-24.2pp | 78.1%-35.4pp | 68.3%-25.7pp |
| Annual return | 14.47% | 37.96%-23.5pp | 58.88%-44.4pp | 40.90%-26.4pp |
| Employer contribution / active EE | $920 | $2,761-66.7% | $4,305-78.6% | $2,631-65.0% |
| Participant deferral / active EE | $1,858 | $3,303-43.7% | $5,540-66.5% | $4,212-55.9% |
| Admin fee / account holder | $757 | $6,746-88.8% | $14,329-94.7% | $7,344-89.7% |