Filed August 29, 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.
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 | $28,044 | $48,274-41.9% | $63,517-55.8% | $59,632-53.0% |
| Participation rate | 59.7% | 66.3%-6.6pp | 71.0%-11.3pp | 68.7%-8.9pp |
| Annual return | 3.42% | -240.79%+244.2pp | -70.30%+73.7pp | 2041.28%-2037.9pp |
| Employer contribution / active EE | $1,383 | $1,586-12.8% | $2,322-40.4% | $2,203-37.2% |
| Participant deferral / active EE | $3,376 | $2,343+44.1% | $2,953+14.3% | $3,192+5.8% |
| Admin fee / account holder | $4,483 | $3,600+24.5% | $5,892-23.9% | $4,297+4.3% |