Filed March 10, 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 | $80,054 | $202,318-60.4% | $172,739-53.7% | $152,861-47.6% |
| Participation rate | 41.2% | 87.1%-45.9pp | 82.6%-41.5pp | 82.4%-41.3pp |
| Annual return | 21.51% | 1029.65%-1008.1pp | 802.84%-781.3pp | 345.32%-323.8pp |
| Employer contribution / active EE | $3,816 | $5,856-34.8% | $5,143-25.8% | $4,762-19.9% |
| Participant deferral / active EE | $2,439 | $5,948-59.0% | $5,198-53.1% | $5,850-58.3% |
| Admin fee / account holder | $7,688 | $17,109-55.1% | $13,954-44.9% | $11,596-33.7% |