Filed June 20, 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $43,555 | $87,870-50.4% | $113,168-61.5% | $74,304-41.4% |
| Participation rate | 53.5% | 70.7%-17.3pp | 76.6%-23.1pp | 60.3%-6.9pp |
| Annual return | 19.35% | 26.44%-7.1pp | 24.27%-4.9pp | 29.43%-10.1pp |
| Employer contribution / active EE | $494 | $2,277-78.3% | $2,975-83.4% | $2,241-78.0% |
| Participant deferral / active EE | $2,672 | $4,241-37.0% | $5,107-47.7% | $3,767-29.1% |
| Admin fee / account holder | $3,339 | $3,368-0.9% | $12,068-72.3% | $2,969+12.5% |