Filed October 28, 2022
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 | $35,599 | $48,076-26.0% | $78,689-54.8% | $62,891-43.4% |
| Participation rate | 51.0% | 65.2%-14.2pp | 73.6%-22.6pp | 69.3%-18.3pp |
| Annual return | 5.59% | 31.35%-25.8pp | 62.18%-56.6pp | 20.14%-14.5pp |
| Employer contribution / active EE | $976 | $2,015-51.6% | $2,851-65.8% | $2,281-57.2% |
| Participant deferral / active EE | $2,400 | $2,588-7.2% | $3,517-31.7% | $3,203-25.1% |
| Admin fee / account holder | $2,812 | $3,207-12.3% | $4,510-37.6% | $4,296-34.5% |