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 | $76,184 | $71,883+6.0% | $86,677-12.1% | $68,494+11.2% |
| Participation rate | 65.6% | 72.2%-6.7pp | 76.6%-11.0pp | 67.9%-2.3pp |
| Annual return | -18.05% | 3.52%-21.6pp | 35.91%-54.0pp | -7.84%-10.2pp |
| Employer contribution / active EE | $2,321 | $2,173+6.8% | $2,836-18.2% | $2,596-10.6% |
| Participant deferral / active EE | $4,654 | $3,779+23.2% | $4,6560% | $4,027+15.6% |
| Admin fee / account holder | $15,781 | $6,112+158.2% | $7,493+110.6% | $5,403+192.1% |