Filed October 21, 2022
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 | $29,467 | $32,117-8.3% | $71,086-58.5% | $64,186-54.1% |
| Participation rate | 19.6% | 42.7%-23.1pp | 54.7%-35.1pp | 69.6%-50.0pp |
| Annual return | -6.95% | -5.57%-1.4pp | 650.59%-657.5pp | 7.63%-14.6pp |
| Employer contribution / active EE | $337 | $712-52.7% | $1,088-69.0% | $2,381-85.9% |
| Participant deferral / active EE | $516 | $1,263-59.1% | $1,874-72.5% | $3,470-85.1% |
| Admin fee / account holder | $5,036 | $2,759+82.5% | $3,082+63.4% | $4,888+3.0% |