Filed August 23, 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 | $35,498 | $58,512-39.3% | $84,015-57.7% | $72,985-51.4% |
| Participation rate | 69.4% | 61.2%+8.2pp | 69.0%+0.4pp | 69.5%-0.1pp |
| Annual return | 19.48% | 28.93%-9.5pp | 71.31%-51.8pp | 81.00%-61.5pp |
| Employer contribution / active EE | $512 | $1,163-56.0% | $1,983-74.2% | $2,440-79.0% |
| Participant deferral / active EE | $2,725 | $2,394+13.8% | $3,239-15.9% | $3,607-24.5% |
| Admin fee / account holder | $3,267 | $4,569-28.5% | $6,101-46.4% | $5,124-36.2% |