Filed February 27, 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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,320 | $53,516-52.7% | $126,539-80.0% | $84,808-70.1% |
| Participation rate | 47.4% | 58.2%-10.9pp | 69.8%-22.4pp | 68.3%-20.9pp |
| Annual return | 8.88% | 58.34%-49.5pp | 425.95%-417.1pp | 40.90%-32.0pp |
| Employer contribution / active EE | $633 | $1,535-58.8% | $3,674-82.8% | $2,631-75.9% |
| Participant deferral / active EE | $836 | $2,671-68.7% | $4,083-79.5% | $4,212-80.1% |
| Admin fee / account holder | $17,697 | $4,497+293.6% | $6,065+191.8% | $7,344+141.0% |