Filed December 30, 2022
Unlock peer percentile detail for $4.99 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 | $84,663 | $81,446+3.9% | $103,374-18.1% | $80,874+4.7% |
| Participation rate | 54.1% | 66.9%-12.8pp | 74.5%-20.5pp | 67.6%-13.6pp |
| Annual return | 14.81% | 25.57%-10.8pp | 24.89%-10.1pp | 35.62%-20.8pp |
| Employer contribution / active EE | $1,660 | $3,107-46.6% | $3,869-57.1% | $2,756-39.8% |
| Participant deferral / active EE | $4,186 | $3,870+8.2% | $5,058-17.2% | $4,297-2.6% |
| Admin fee / account holder | $13,351 | $6,715+98.8% | $8,394+59.1% | $6,935+92.5% |