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 | $78,092 | $78,705-0.8% | $117,854-33.7% | $70,131+11.4% |
| Participation rate | 59.2% | 73.2%-14.0pp | 79.7%-20.5pp | 69.5%-10.4pp |
| Annual return | 12.59% | 23.30%-10.7pp | 335.08%-322.5pp | 73.14%-60.6pp |
| Employer contribution / active EE | $1,699 | $2,223-23.6% | $3,786-55.1% | $2,342-27.5% |
| Participant deferral / active EE | $2,703 | $3,297-18.0% | $4,482-39.7% | $3,332-18.9% |
| Admin fee / account holder | $5,351 | $5,065+5.6% | $8,020-33.3% | $4,645+15.2% |