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 | $53,516+221.7% | $126,539+36.1% | $84,808+103.0% |
| Participation rate | 43.8% | 58.2%-14.5pp | 69.8%-26.1pp | 68.3%-24.6pp |
| Annual return | 14.86% | 58.34%-43.5pp | 425.95%-411.1pp | 40.90%-26.0pp |
| Employer contribution / active EE | $1,250 | $1,535-18.6% | $3,674-66.0% | $2,631-52.5% |
| Participant deferral / active EE | $6,914 | $2,671+158.9% | $4,083+69.4% | $4,212+64.2% |
| Admin fee / account holder | $15,074 | $4,497+235.2% | $6,065+148.6% | $7,344+105.3% |