Filed February 7, 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 | $23,452 | $73,004-67.9% | $90,749-74.2% | $68,494-65.8% |
| Participation rate | 36.3% | 70.8%-34.6pp | 75.7%-39.4pp | 67.9%-31.6pp |
| Annual return | -33.04% | -13.81%-19.2pp | -12.16%-20.9pp | -7.84%-25.2pp |
| Employer contribution / active EE | $1,081 | $2,193-50.7% | $2,921-63.0% | $2,596-58.4% |
| Participant deferral / active EE | $2,329 | $3,627-35.8% | $4,564-49.0% | $4,027-42.2% |
| Admin fee / account holder | $5,934 | $5,896+0.7% | $8,445-29.7% | $5,403+9.8% |