Filed May 24, 2022
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.
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $39,720 | $61,272-35.2% | $149,673-73.5% | $71,457-44.4% |
| Participation rate | 46.4% | 62.5%-16.1pp | 78.8%-32.4pp | 67.9%-21.5pp |
| Annual return | 0.00% | 35.85%-35.8pp | 134.42%-134.4pp | 28.85%-28.8pp |
| Employer contribution / active EE | $306 | $2,378-87.1% | $4,818-93.6% | $2,588-88.2% |
| Participant deferral / active EE | $1,975 | $2,917-32.3% | $5,680-65.2% | $4,289-53.9% |
| Admin fee / account holder | $747 | $1,261-40.8% | $13,210-94.3% | $1,587-52.9% |