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 | $39,985 | $27,641+44.7% | $61,373-34.8% | $68,494-41.6% |
| Participation rate | 32.5% | 39.5%-7.0pp | 52.6%-20.1pp | 67.9%-35.4pp |
| Annual return | -13.55% | -13.24%-0.3pp | 338.61%-352.2pp | -7.84%-5.7pp |
| Employer contribution / active EE | $685 | $695-1.5% | $1,159-40.9% | $2,596-73.6% |
| Participant deferral / active EE | $1,284 | $1,263+1.6% | $2,125-39.6% | $4,027-68.1% |
| Admin fee / account holder | $1,071 | $2,010-46.7% | $2,130-49.7% | $5,403-80.2% |