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 | $63,073 | $73,933-14.7% | $96,683-34.8% | $75,163-16.1% |
| Participation rate | 23.1% | 66.4%-43.3pp | 74.3%-51.3pp | 67.2%-44.1pp |
| Annual return | 13.62% | 26.70%-13.1pp | 35.69%-22.1pp | 160.62%-147.0pp |
| Employer contribution / active EE | $1,543 | $2,928-47.3% | $3,737-58.7% | $2,670-42.2% |
| Participant deferral / active EE | $3,458 | $3,659-5.5% | $4,878-29.1% | $4,125-16.2% |
| Admin fee / account holder | $463 | $5,216-91.1% | $6,730-93.1% | $5,651-91.8% |