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 | $38,009 | $52,406-27.5% | $129,207-70.6% | $74,495-49.0% |
| Participation rate | 17.7% | 53.8%-36.1pp | 69.6%-51.9pp | 67.2%-49.5pp |
| Annual return | 13.01% | 15.66%-2.6pp | 9417.33%-9404.3pp | 1364.94%-1351.9pp |
| Employer contribution / active EE | $394 | $1,531-74.3% | $4,153-90.5% | $2,623-85.0% |
| Participant deferral / active EE | $1,133 | $2,794-59.5% | $4,168-72.8% | $4,346-73.9% |
| Admin fee / account holder | $11,903 | $2,633+352.1% | $7,715+54.3% | $1,942+513.0% |