Filed September 30, 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.
Employer 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $69,997 | $89,753-22.0% | $107,525-34.9% | $84,808-17.5% |
| Participation rate | 68.5% | 68.1%+0.4pp | 75.1%-6.6pp | 68.3%+0.2pp |
| Annual return | 14.47% | 29.48%-15.0pp | 181.32%-166.8pp | 40.90%-26.4pp |
| Employer contribution / active EE | $580 | $3,113-81.4% | $3,754-84.5% | $2,631-77.9% |
| Participant deferral / active EE | $2,572 | $4,056-36.6% | $5,116-49.7% | $4,212-38.9% |
| Admin fee / account holder | $3,925 | $7,222-45.6% | $8,919-56.0% | $7,344-46.5% |