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.
Participant 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.)
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 | $13,606 | $54,726-75.1% | $68,793-80.2% | $64,186-78.8% |
| Participation rate | 64.6% | 68.0%-3.4pp | 72.2%-7.6pp | 69.6%-5.0pp |
| Annual return | 2.92% | -1.62%+4.5pp | -4.63%+7.6pp | 7.63%-4.7pp |
| Employer contribution / active EE | $930 | $1,846-49.6% | $2,625-64.6% | $2,381-60.9% |
| Participant deferral / active EE | $0 | $2,626-100.0% | $3,311-100.0% | $3,470-100.0% |
| Admin fee / account holder | $710 | $4,027-82.4% | $5,131-86.2% | $4,888-85.5% |