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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,762 | $54,701-73.0% | $86,188-82.9% | $71,457-79.3% |
| Participation rate | 44.2% | 60.1%-15.9pp | 69.0%-24.7pp | 67.9%-23.7pp |
| Annual return | 20.55% | 20.06%+0.5pp | 1168.45%-1147.9pp | 28.85%-8.3pp |
| Employer contribution / active EE | $198 | $1,265-84.4% | $2,380-91.7% | $2,588-92.4% |
| Participant deferral / active EE | $1,737 | $3,108-44.1% | $3,985-56.4% | $4,289-59.5% |
| Admin fee / account holder | $3,092 | $1,922+60.9% | $6,852-54.9% | $1,587+94.8% |