Filed August 23, 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 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $83,541 | $138,347-39.6% | $184,203-54.6% | $80,856+3.3% |
| Participation rate | 68.1% | 83.9%-15.8pp | 86.8%-18.7pp | 67.6%+0.4pp |
| Annual return | 13.90% | 20.02%-6.1pp | 28.81%-14.9pp | 35.59%-21.7pp |
| Employer contribution / active EE | $3,501 | $4,850-27.8% | $6,427-45.5% | $2,755+27.1% |
| Participant deferral / active EE | $8,255 | $7,071+16.7% | $9,131-9.6% | $4,296+92.2% |
| Admin fee / account holder | $14,290 | $10,483+36.3% | $13,901+2.8% | $6,918+106.6% |