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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $42,872 | $71,050-39.7% | $93,606-54.2% | $80,856-47.0% |
| Participation rate | 54.4% | 60.4%-6.0pp | 68.7%-14.3pp | 67.6%-13.2pp |
| Annual return | 0.42% | 11.26%-10.8pp | 133.20%-132.8pp | 35.59%-35.2pp |
| Employer contribution / active EE | $1,061 | $1,564-32.2% | $2,420-56.2% | $2,755-61.5% |
| Participant deferral / active EE | $2,944 | $4,034-27.0% | $4,411-33.3% | $4,296-31.5% |
| Admin fee / account holder | $1,430 | $6,945-79.4% | $8,285-82.7% | $6,918-79.3% |