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 | $18,793 | $59,805-68.6% | $79,550-76.4% | $68,494-72.6% |
| Participation rate | 48.3% | 61.1%-12.8pp | 69.5%-21.2pp | 67.9%-19.6pp |
| Annual return | -19.46% | -12.30%-7.2pp | 0.16%-19.6pp | -7.84%-11.6pp |
| Employer contribution / active EE | $339 | $1,505-77.5% | $2,413-85.9% | $2,596-86.9% |
| Participant deferral / active EE | $2,012 | $3,024-33.5% | $3,985-49.5% | $4,027-50.0% |
| Admin fee / account holder | $2,060 | $4,835-57.4% | $6,832-69.9% | $5,403-61.9% |