Filed February 10, 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 | $82,030 | $63,346+29.5% | $92,233-11.1% | $70,131+17.0% |
| Participation rate | 32.3% | 68.7%-36.4pp | 76.5%-44.2pp | 69.5%-37.3pp |
| Annual return | 10.44% | 530.12%-519.7pp | 176.28%-165.8pp | 73.14%-62.7pp |
| Employer contribution / active EE | $690 | $2,471-72.1% | $3,679-81.2% | $2,342-70.5% |
| Participant deferral / active EE | $1,418 | $2,854-50.3% | $3,897-63.6% | $3,332-57.4% |
| Admin fee / account holder | $1,446 | $3,840-62.3% | $5,194-72.2% | $4,645-68.9% |