Filed December 11, 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 | $176,528 | $99,985+76.6% | $146,665+20.4% | $85,850+105.6% |
| Participation rate | 52.6% | 73.1%-20.4pp | 80.1%-27.4pp | 69.3%-16.7pp |
| Annual return | 18.18% | 18.93%-0.7pp | 22.74%-4.6pp | 318.53%-300.4pp |
| Employer contribution / active EE | $1,005 | $2,559-60.7% | $4,136-75.7% | $2,565-60.8% |
| Participant deferral / active EE | $3,940 | $4,006-1.6% | $5,506-28.4% | $3,952-0.3% |
| Admin fee / account holder | $1,058 | $7,702-86.3% | $10,280-89.7% | $6,260-83.1% |