Filed January 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.
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 | $46,907 | $60,022-21.9% | $88,946-47.3% | $84,808-44.7% |
| Participation rate | 62.8% | 57.8%+5.0pp | 68.8%-6.1pp | 68.3%-5.5pp |
| Annual return | 17.38% | 22.43%-5.1pp | 57.82%-40.4pp | 40.90%-23.5pp |
| Employer contribution / active EE | $1,695 | $1,703-0.4% | $2,555-33.6% | $2,631-35.6% |
| Participant deferral / active EE | $2,822 | $3,114-9.4% | $4,581-38.4% | $4,212-33.0% |
| Admin fee / account holder | $8,607 | $4,811+78.9% | $8,261+4.2% | $7,344+17.2% |