Filed May 3, 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.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $62,376 | $214,378-70.9% | $200,582-68.9% | $142,382-56.2% |
| Participation rate | 54.2% | 87.4%-33.3pp | 86.9%-32.7pp | 80.1%-26.0pp |
| Annual return | 38.68% | 46.41%-7.7pp | 42.33%-3.7pp | 217.08%-178.4pp |
| Employer contribution / active EE | $1,761 | $6,841-74.3% | $6,419-72.6% | $4,299-59.0% |
| Participant deferral / active EE | $2,473 | $9,865-74.9% | $9,331-73.5% | $6,507-62.0% |
| Admin fee / account holder | $2,118 | $17,692-88.0% | $16,305-87.0% | $12,624-83.2% |