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 | $42,966 | $49,173-12.6% | $121,098-64.5% | $75,163-42.8% |
| Participation rate | 27.4% | 55.4%-28.0pp | 69.5%-42.1pp | 67.2%-39.8pp |
| Annual return | 16.41% | 55.99%-39.6pp | 985.75%-969.3pp | 160.62%-144.2pp |
| Employer contribution / active EE | $624 | $1,546-59.6% | $4,164-85.0% | $2,670-76.6% |
| Participant deferral / active EE | $1,899 | $2,628-27.7% | $4,080-53.4% | $4,125-54.0% |
| Admin fee / account holder | $391 | $3,942-90.1% | $5,644-93.1% | $5,651-93.1% |