Filed July 20, 2021
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 | $62,999 | $101,763-38.1% | $164,866-61.8% | $80,874-22.1% |
| Participation rate | 65.2% | 71.8%-6.7pp | 78.6%-13.5pp | 67.6%-2.5pp |
| Annual return | 13.11% | 16.73%-3.6pp | 69.97%-56.9pp | 35.62%-22.5pp |
| Employer contribution / active EE | $2,455 | $2,954-16.9% | $4,343-43.5% | $2,756-10.9% |
| Participant deferral / active EE | $4,517 | $4,477+0.9% | $6,033-25.1% | $4,297+5.1% |
| Admin fee / account holder | $41,690 | $8,228+406.7% | $12,689+228.5% | $6,935+501.1% |