Filed August 6, 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 | $73,105 | $45,035+62.3% | $62,995+16.0% | $70,131+4.2% |
| Participation rate | 34.0% | 69.5%-35.5pp | 74.8%-40.8pp | 69.5%-35.5pp |
| Annual return | 14.87% | 18.76%-3.9pp | 87.57%-72.7pp | 73.14%-58.3pp |
| Employer contribution / active EE | $0 | $2,051-100.0% | $2,759-100.0% | $2,342-100.0% |
| Participant deferral / active EE | $2,297 | $2,465-6.8% | $3,329-31.0% | $3,332-31.1% |
| Admin fee / account holder | $7,716 | $2,834+172.2% | $3,600+114.3% | $4,645+66.1% |