Filed April 29, 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 | $23,564 | $49,227-52.1% | $70,449-66.6% | $79,858-70.5% |
| Participation rate | 44.1% | 69.2%-25.1pp | 75.1%-31.0pp | 69.6%-25.5pp |
| Annual return | 7.52% | 30.06%-22.5pp | 109.03%-101.5pp | 31.71%-24.2pp |
| Employer contribution / active EE | $388 | $2,099-81.5% | $2,737-85.8% | $2,471-84.3% |
| Participant deferral / active EE | $1,028 | $2,768-62.9% | $3,709-72.3% | $3,740-72.5% |
| Admin fee / account holder | $3,903 | $2,878+35.6% | $3,845+1.5% | $5,306-26.4% |