Filed August 2, 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.
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 | $52,475 | $44,873+16.9% | $79,464-34.0% | $56,287-6.8% |
| Participation rate | 27.6% | 68.7%-41.2pp | 73.3%-45.8pp | 69.9%-42.3pp |
| Annual return | 15.78% | 0.81%+15.0pp | 718.14%-702.4pp | -9.96%+25.7pp |
| Employer contribution / active EE | $413 | $2,140-80.7% | $2,800-85.2% | $2,111-80.4% |
| Participant deferral / active EE | $1,448 | $2,746-47.3% | $3,704-60.9% | $3,350-56.8% |
| Admin fee / account holder | $2,844 | $418+579.7% | $5,113-44.4% | $521+446.0% |