Filed November 18, 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 | $42,045 | $101,317-58.5% | $146,958-71.4% | $74,495-43.6% |
| Participation rate | 57.9% | 75.5%-17.6pp | 82.2%-24.2pp | 67.2%-9.3pp |
| Annual return | 21.80% | 8730.91%-8709.1pp | 418.34%-396.5pp | 1364.94%-1343.1pp |
| Employer contribution / active EE | $2,412 | $3,810-36.7% | $4,933-51.1% | $2,623-8.0% |
| Participant deferral / active EE | $7,378 | $7,303+1.0% | $8,070-8.6% | $4,346+69.8% |
| Admin fee / account holder | $7,838 | $1,739+350.7% | $12,998-39.7% | $1,942+303.6% |