Filed November 22, 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 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 | $23,953 | $53,777-55.5% | $134,143-82.1% | $79,858-70.0% |
| Participation rate | 62.5% | 58.8%+3.7pp | 72.2%-9.7pp | 69.6%-7.1pp |
| Annual return | 14.37% | 19.01%-4.6pp | 36.33%-22.0pp | 31.71%-17.3pp |
| Employer contribution / active EE | $1,027 | $1,321-22.2% | $3,704-72.3% | $2,471-58.4% |
| Participant deferral / active EE | $2,401 | $2,420-0.8% | $3,499-31.4% | $3,740-35.8% |
| Admin fee / account holder | $8,277 | $3,984+107.7% | $6,684+23.8% | $5,306+56.0% |