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 | $29,864 | $66,098-54.8% | $101,794-70.7% | $74,304-59.8% |
| Participation rate | 44.9% | 53.8%-8.9pp | 69.2%-24.3pp | 60.3%-15.5pp |
| Annual return | 27.85% | 19.59%+8.3pp | 30.53%-2.7pp | 29.43%-1.6pp |
| Employer contribution / active EE | $661 | $1,082-38.9% | $2,289-71.1% | $2,241-70.5% |
| Participant deferral / active EE | $1,851 | $2,781-33.4% | $4,084-54.7% | $3,767-50.9% |
| Admin fee / account holder | $2,117 | $4,146-48.9% | $8,777-75.9% | $2,969-28.7% |