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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,982 | $41,377-37.2% | $109,313-76.2% | $62,891-58.7% |
| Participation rate | 18.9% | 57.5%-38.6pp | 71.3%-52.3pp | 69.3%-50.4pp |
| Annual return | 5.87% | 11.05%-5.2pp | 22.07%-16.2pp | 20.14%-14.3pp |
| Employer contribution / active EE | $406 | $1,276-68.2% | $3,892-89.6% | $2,281-82.2% |
| Participant deferral / active EE | $1,075 | $2,045-47.4% | $3,166-66.0% | $3,203-66.4% |
| Admin fee / account holder | $762 | $2,884-73.6% | $5,666-86.6% | $4,296-82.3% |