Filed October 27, 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 3-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 | $48,996 | $57,281-14.5% | $86,612-43.4% | $75,163-34.8% |
| Participation rate | 69.2% | 63.2%+6.0pp | 71.7%-2.5pp | 67.2%+2.0pp |
| Annual return | 27.64% | 2670.75%-2643.1pp | 591.07%-563.4pp | 160.62%-133.0pp |
| Employer contribution / active EE | $5,778 | $2,314+149.6% | $3,022+91.2% | $2,670+116.4% |
| Participant deferral / active EE | $8,566 | $3,318+158.2% | $4,438+93.0% | $4,125+107.7% |
| Admin fee / account holder | $751 | $4,112-81.7% | $5,614-86.6% | $5,651-86.7% |