Filed May 6, 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 | $43,238 | $48,570-11.0% | $130,648-66.9% | $72,985-40.8% |
| Participation rate | 55.2% | 58.6%-3.4pp | 71.7%-16.6pp | 69.5%-14.3pp |
| Annual return | 19.85% | 38.63%-18.8pp | 1708.96%-1689.1pp | 81.00%-61.1pp |
| Employer contribution / active EE | $493 | $1,334-63.1% | $4,092-88.0% | $2,440-79.8% |
| Participant deferral / active EE | $1,408 | $2,384-40.9% | $3,603-60.9% | $3,607-61.0% |
| Admin fee / account holder | $5,888 | $3,549+65.9% | $5,464+7.8% | $5,124+14.9% |