Filed May 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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,489 | $57,065-76.4% | $75,670-82.2% | $70,131-80.8% |
| Participation rate | 56.4% | 68.1%-11.7pp | 72.3%-15.9pp | 69.5%-13.1pp |
| Annual return | 20.09% | 23.57%-3.5pp | 27.34%-7.3pp | 73.14%-53.1pp |
| Employer contribution / active EE | $902 | $1,817-50.3% | $2,352-61.6% | $2,342-61.5% |
| Participant deferral / active EE | $1,486 | $2,580-42.4% | $3,142-52.7% | $3,332-55.4% |
| Admin fee / account holder | $881 | $3,825-77.0% | $5,800-84.8% | $4,645-81.0% |