Filed September 14, 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 | $93,345 | $54,350+71.7% | $82,719+12.8% | $68,494+36.3% |
| Participation rate | 25.0% | 63.9%-38.9pp | 72.6%-47.6pp | 67.9%-42.9pp |
| Annual return | -18.10% | -13.67%-4.4pp | 701.18%-719.3pp | -7.84%-10.3pp |
| Employer contribution / active EE | $1,000 | $2,218-54.9% | $3,009-66.8% | $2,596-61.5% |
| Participant deferral / active EE | $1,734 | $3,246-46.6% | $4,395-60.5% | $4,027-56.9% |
| Admin fee / account holder | $1,077 | $4,395-75.5% | $5,329-79.8% | $5,403-80.1% |