Filed October 18, 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 | $50,580 | $77,813-35.0% | $123,544-59.1% | $64,186-21.2% |
| Participation rate | 58.8% | 74.7%-15.9pp | 82.3%-23.5pp | 69.6%-10.7pp |
| Annual return | -6.13% | 12.48%-18.6pp | 119.20%-125.3pp | 7.63%-13.8pp |
| Employer contribution / active EE | $631 | $3,014-79.1% | $4,628-86.4% | $2,381-73.5% |
| Participant deferral / active EE | $3,148 | $5,240-39.9% | $6,426-51.0% | $3,470-9.3% |
| Admin fee / account holder | $1,207 | $5,519-78.1% | $9,284-87.0% | $4,888-75.3% |