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 | $151,128 | $51,604+192.9% | $129,295+16.9% | $80,874+86.9% |
| Participation rate | 25.7% | 57.0%-31.3pp | 69.6%-43.9pp | 67.6%-42.0pp |
| Annual return | 18.45% | 20.76%-2.3pp | 9429.28%-9410.8pp | 35.62%-17.2pp |
| Employer contribution / active EE | $834 | $1,585-47.3% | $4,157-79.9% | $2,756-69.7% |
| Participant deferral / active EE | $1,836 | $2,670-31.3% | $4,169-56.0% | $4,297-57.3% |
| Admin fee / account holder | $14,972 | $4,310+247.4% | $7,665+95.3% | $6,935+115.9% |