Filed July 12, 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.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $2,431 | $76,738-96.8% | $56,411-95.7% | $145,922-98.3% |
| Participation rate | 20.0% | 63.2%-43.2pp | 52.5%-32.5pp | 80.3%-60.3pp |
| Annual return | -60.70% | 2994.23%-3054.9pp | 1701.33%-1762.0pp | 561.29%-622.0pp |
| Employer contribution / active EE | $277 | $1,380-79.9% | $1,039-73.3% | $4,660-94.1% |
| Participant deferral / active EE | $94 | $2,623-96.4% | $1,952-95.2% | $6,688-98.6% |
| Admin fee / account holder | $12,324 | $3,334+269.7% | $2,829+335.6% | $13,397-8.0% |