Filed July 22, 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 | $37,647 | $82,664-54.5% | $125,339-70.0% | $68,494-45.0% |
| Participation rate | 45.0% | 75.0%-30.0pp | 82.4%-37.4pp | 67.9%-22.9pp |
| Annual return | -15.80% | -5.97%-9.8pp | 572.05%-587.9pp | -7.84%-8.0pp |
| Employer contribution / active EE | $1,737 | $3,381-48.6% | $4,814-63.9% | $2,596-33.1% |
| Participant deferral / active EE | $2,974 | $6,110-51.3% | $7,446-60.1% | $4,027-26.2% |
| Admin fee / account holder | $8,040 | $6,275+28.1% | $10,010-19.7% | $5,403+48.8% |