Filed April 19, 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 | $89,996 | $65,241+37.9% | $126,539-28.9% | $85,563+5.2% |
| Participation rate | 18.0% | 48.6%-30.6pp | 69.8%-51.8pp | 66.0%-47.9pp |
| Annual return | 15.34% | 42.19%-26.8pp | 425.95%-410.6pp | 31.51%-16.2pp |
| Employer contribution / active EE | $489 | $1,937-74.8% | $3,674-86.7% | $2,654-81.6% |
| Participant deferral / active EE | $1,083 | $3,032-64.3% | $4,083-73.5% | $4,375-75.3% |
| Admin fee / account holder | $16,576 | $1,031+1507.8% | $6,065+173.3% | $834+1887.0% |