Filed January 2, 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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $107,686 | $70,428+52.9% | $96,562+11.5% | $85,850+25.4% |
| Participation rate | 67.9% | 61.8%+6.1pp | 69.8%-2.0pp | 69.3%-1.5pp |
| Annual return | 15.59% | 18.59%-3.0pp | 37.78%-22.2pp | 318.53%-302.9pp |
| Employer contribution / active EE | $0 | $1,413-100.0% | $2,356-100.0% | $2,565-100.0% |
| Participant deferral / active EE | $4,041 | $2,894+39.7% | $3,849+5.0% | $3,952+2.3% |
| Admin fee / account holder | $9,028 | $4,997+80.7% | $6,181+46.1% | $6,260+44.2% |