Filed August 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $45,321 | $72,404-37.4% | $110,238-58.9% | $64,186-29.4% |
| Participation rate | 35.3% | 73.3%-38.0pp | 79.8%-44.5pp | 69.6%-34.3pp |
| Annual return | 628.96% | -6.29%+635.2pp | 314.74%+314.2pp | 7.63%+621.3pp |
| Employer contribution / active EE | $1,318 | $2,282-42.2% | $3,826-65.6% | $2,381-44.6% |
| Participant deferral / active EE | $2,242 | $3,469-35.4% | $4,672-52.0% | $3,470-35.4% |
| Admin fee / account holder | $545 | $5,664-90.4% | $8,547-93.6% | $4,888-88.9% |