Filed June 25, 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 | $51,569 | $53,127-2.9% | $86,590-40.4% | $70,131-26.5% |
| Participation rate | 50.6% | 65.3%-14.7pp | 73.5%-23.0pp | 69.5%-19.0pp |
| Annual return | 16.96% | 27.66%-10.7pp | 964.84%-947.9pp | 73.14%-56.2pp |
| Employer contribution / active EE | $448 | $2,068-78.3% | $2,839-84.2% | $2,342-80.9% |
| Participant deferral / active EE | $1,757 | $2,696-34.8% | $3,609-51.3% | $3,332-47.3% |
| Admin fee / account holder | $1,450 | $3,585-59.6% | $4,906-70.4% | $4,645-68.8% |