Filed April 12, 2023
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 9-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.
Participant 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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $58,937 | $80,968-27.2% | $96,544-39.0% | $75,163-21.6% |
| Participation rate | 31.2% | 71.8%-40.6pp | 76.0%-44.8pp | 67.2%-36.0pp |
| Annual return | 4.81% | 27.06%-22.2pp | 25.84%-21.0pp | 160.62%-155.8pp |
| Employer contribution / active EE | $1,024 | $2,282-55.1% | $2,965-65.5% | $2,670-61.6% |
| Participant deferral / active EE | $1,511 | $3,928-61.5% | $4,851-68.8% | $4,125-63.4% |
| Admin fee / account holder | $54,086 | $6,724+704.3% | $8,252+555.4% | $5,651+857.1% |