Filed June 7, 2021
See peer percentile detail with Solo.
Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
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 | $154,058 | $89,753+71.6% | $107,525+43.3% | $84,808+81.7% |
| Participation rate | 68.3% | 68.1%+0.2pp | 75.1%-6.8pp | 68.3%0pp |
| Annual return | 16.88% | 29.48%-12.6pp | 181.32%-164.4pp | 40.90%-24.0pp |
| Employer contribution / active EE | $2,971 | $3,113-4.6% | $3,754-20.8% | $2,631+12.9% |
| Participant deferral / active EE | $6,206 | $4,056+53.0% | $5,116+21.3% | $4,212+47.3% |
| Admin fee / account holder | $6,609 | $7,222-8.5% | $8,919-25.9% | $7,344-10.0% |