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 | $56,711 | $49,227+15.2% | $70,449-19.5% | $79,858-29.0% |
| Participation rate | 69.3% | 69.2%+0.2pp | 75.1%-5.7pp | 69.6%-0.3pp |
| Annual return | 14.04% | 30.06%-16.0pp | 109.03%-95.0pp | 31.71%-17.7pp |
| Employer contribution / active EE | $3,286 | $2,099+56.6% | $2,737+20.1% | $2,471+33.0% |
| Participant deferral / active EE | $978 | $2,768-64.7% | $3,709-73.6% | $3,740-73.9% |
| Admin fee / account holder | $4,650 | $2,878+61.6% | $3,845+20.9% | $5,306-12.4% |