Filed May 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.)
Assets per participant exceed $250,000 - top-decile high-value plan.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $293,821 | $67,606+334.6% | $82,313+257.0% | $70,131+319.0% |
| Participation rate | 62.5% | 72.8%-10.3pp | 76.9%-14.4pp | 69.5%-7.0pp |
| Annual return | 20.06% | 21.57%-1.5pp | 25.88%-5.8pp | 73.14%-53.1pp |
| Employer contribution / active EE | $1,783 | $1,755+1.6% | $2,428-26.6% | $2,342-23.9% |
| Participant deferral / active EE | $4,538 | $2,987+51.9% | $3,706+22.5% | $3,332+36.2% |
| Admin fee / account holder | $2,566 | $4,512-43.1% | $5,608-54.2% | $4,645-44.8% |