Filed March 14, 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $39,969 | $59,186-32.5% | $76,768-47.9% | $56,287-29.0% |
| Participation rate | 60.6% | 75.2%-14.7pp | 77.0%-16.4pp | 69.9%-9.3pp |
| Annual return | 13.01% | 6.62%+6.4pp | 2.43%+10.6pp | -9.96%+23.0pp |
| Employer contribution / active EE | $1,518 | $1,759-13.7% | $2,485-38.9% | $2,111-28.1% |
| Participant deferral / active EE | $3,247 | $3,255-0.2% | $3,852-15.7% | $3,350-3.1% |
| Admin fee / account holder | $1,605 | $489+228.1% | $6,675-76.0% | $521+208.0% |