Filed April 28, 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 | $26,198 | $54,320-51.8% | $67,652-61.3% | $52,331-49.9% |
| Participation rate | 47.7% | 73.6%-25.9pp | 75.7%-27.9pp | 68.1%-20.4pp |
| Annual return | 1.07% | 6.81%-5.7pp | 6625.04%-6624.0pp | 4.54%-3.5pp |
| Employer contribution / active EE | $942 | $1,544-39.0% | $2,266-58.4% | $1,882-50.0% |
| Participant deferral / active EE | $1,462 | $2,950-50.4% | $3,560-58.9% | $3,022-51.6% |
| Admin fee / account holder | $2,003 | $527+280.3% | $4,821-58.5% | $592+238.5% |