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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $57,910 | $64,119-9.7% | $112,228-48.4% | $66,914-13.5% |
| Participation rate | 31.0% | 68.5%-37.5pp | 75.1%-44.1pp | 69.8%-38.8pp |
| Annual return | -16.42% | -13.81%-2.6pp | 27.45%-43.9pp | 1.58%-18.0pp |
| Employer contribution / active EE | $937 | $3,005-68.8% | $3,635-74.2% | $2,544-63.2% |
| Participant deferral / active EE | $2,328 | $3,693-37.0% | $4,728-50.8% | $4,237-45.1% |
| Admin fee / account holder | $428 | $625-31.6% | $6,410-93.3% | $593-27.9% |