Filed November 1, 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 | $172,183 | $52,353+228.9% | $120,225+43.2% | $82,448+108.8% |
| Participation rate | 43.8% | 58.3%-14.6pp | 69.6%-25.8pp | 68.1%-24.3pp |
| Annual return | 14.86% | 61.85%-47.0pp | 439.23%-424.4pp | 41.64%-26.8pp |
| Employer contribution / active EE | $1,250 | $1,510-17.2% | $3,475-64.0% | $2,551-51.0% |
| Participant deferral / active EE | $6,914 | $2,627+163.2% | $3,999+72.9% | $4,139+67.0% |
| Admin fee / account holder | $15,074 | $4,363+245.5% | $5,696+164.6% | $7,234+108.4% |