Filed August 24, 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 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 | $176,927 | $53,516+230.6% | $126,539+39.8% | $84,808+108.6% |
| Participation rate | 27.6% | 58.2%-30.6pp | 69.8%-42.2pp | 68.3%-40.7pp |
| Annual return | 16.57% | 58.34%-41.8pp | 425.95%-409.4pp | 40.90%-24.3pp |
| Employer contribution / active EE | $973 | $1,535-36.6% | $3,674-73.5% | $2,631-63.0% |
| Participant deferral / active EE | $2,361 | $2,671-11.6% | $4,083-42.2% | $4,212-43.9% |
| Admin fee / account holder | $2,284 | $4,497-49.2% | $6,065-62.3% | $7,344-68.9% |