Filed March 7, 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 5-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 | $48,029 | $73,933-35.0% | $96,683-50.3% | $75,163-36.1% |
| Participation rate | 50.0% | 66.4%-16.4pp | 74.3%-24.3pp | 67.2%-17.2pp |
| Annual return | 30.02% | 26.70%+3.3pp | 35.69%-5.7pp | 160.62%-130.6pp |
| Employer contribution / active EE | $2,760 | $2,928-5.7% | $3,737-26.1% | $2,670+3.4% |
| Participant deferral / active EE | $6,960 | $3,659+90.2% | $4,878+42.7% | $4,125+68.7% |
| Admin fee / account holder | $1,005 | $5,216-80.7% | $6,730-85.1% | $5,651-82.2% |