Filed January 24, 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 5-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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $113,513 | $110,094+3.1% | $151,611-25.1% | $68,494+65.7% |
| Participation rate | 68.5% | 84.0%-15.4pp | 87.5%-19.0pp | 67.9%+0.7pp |
| Annual return | -18.81% | -10.12%-8.7pp | 3.33%-22.1pp | -7.84%-11.0pp |
| Employer contribution / active EE | $1,588 | $4,471-64.5% | $6,166-74.2% | $2,596-38.8% |
| Participant deferral / active EE | $3,407 | $6,527-47.8% | $8,363-59.3% | $4,027-15.4% |
| Admin fee / account holder | $15,870 | $7,719+105.6% | $11,616+36.6% | $5,403+193.7% |