Filed May 27, 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 | $22,488 | $48,076-53.2% | $78,689-71.4% | $62,891-64.2% |
| Participation rate | 60.9% | 65.2%-4.3pp | 73.6%-12.6pp | 69.3%-8.4pp |
| Annual return | 4.95% | 31.35%-26.4pp | 62.18%-57.2pp | 20.14%-15.2pp |
| Employer contribution / active EE | $1,270 | $2,015-37.0% | $2,851-55.4% | $2,281-44.3% |
| Participant deferral / active EE | $1,854 | $2,588-28.4% | $3,517-47.3% | $3,203-42.1% |
| Admin fee / account holder | $1,293 | $3,207-59.7% | $4,510-71.3% | $4,296-69.9% |