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 | $35,347 | $53,127-33.5% | $86,590-59.2% | $70,131-49.6% |
| Participation rate | 52.7% | 65.3%-12.6pp | 73.5%-20.8pp | 69.5%-16.8pp |
| Annual return | 15.25% | 27.66%-12.4pp | 964.84%-949.6pp | 73.14%-57.9pp |
| Employer contribution / active EE | $1,986 | $2,068-4.0% | $2,839-30.0% | $2,342-15.2% |
| Participant deferral / active EE | $2,847 | $2,696+5.6% | $3,609-21.1% | $3,332-14.5% |
| Admin fee / account holder | $921 | $3,585-74.3% | $4,906-81.2% | $4,645-80.2% |