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 | $45,506 | $59,805-23.9% | $79,550-42.8% | $68,494-33.6% |
| Participation rate | 43.7% | 61.1%-17.4pp | 69.5%-25.8pp | 67.9%-24.2pp |
| Annual return | -18.56% | -12.30%-6.3pp | 0.16%-18.7pp | -7.84%-10.7pp |
| Employer contribution / active EE | $369 | $1,505-75.5% | $2,413-84.7% | $2,596-85.8% |
| Participant deferral / active EE | $2,067 | $3,024-31.7% | $3,985-48.1% | $4,027-48.7% |
| Admin fee / account holder | $4,603 | $4,835-4.8% | $6,832-32.6% | $5,403-14.8% |