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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $112,577 | $46,869+140.2% | $122,332-8.0% | $70,131+60.5% |
| Participation rate | 60.0% | 58.2%+1.8pp | 71.6%-11.6pp | 69.5%-9.5pp |
| Annual return | 12.60% | 24.22%-11.6pp | 30.27%-17.7pp | 73.14%-60.5pp |
| Employer contribution / active EE | $1,166 | $1,288-9.4% | $4,050-71.2% | $2,342-50.2% |
| Participant deferral / active EE | $6,082 | $2,166+180.7% | $3,287+85.0% | $3,332+82.5% |
| Admin fee / account holder | $3,266 | $3,322-1.7% | $5,478-40.4% | $4,645-29.7% |