Filed June 2, 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 | $43,116 | $40,256+7.1% | $57,343-24.8% | $59,632-27.7% |
| Participation rate | 53.6% | 69.2%-15.6pp | 75.1%-21.5pp | 68.7%-15.1pp |
| Annual return | -1.33% | 27.49%-28.8pp | 24.39%-25.7pp | 2041.28%-2042.6pp |
| Employer contribution / active EE | $2,999 | $1,922+56.0% | $2,689+11.5% | $2,203+36.1% |
| Participant deferral / active EE | $1,126 | $2,399-53.1% | $3,162-64.4% | $3,192-64.7% |
| Admin fee / account holder | $2,512 | $2,818-10.8% | $3,356-25.1% | $4,297-41.5% |