Filed March 3, 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 | $33,510 | $67,984-50.7% | $65,493-48.8% | $74,304-54.9% |
| Participation rate | 60.9% | 66.3%-5.4pp | 73.1%-12.2pp | 60.3%+0.6pp |
| Annual return | 16.17% | 19.87%-3.7pp | 982.45%-966.3pp | 29.43%-13.3pp |
| Employer contribution / active EE | $1,354 | $2,491-45.6% | $2,574-47.4% | $2,241-39.6% |
| Participant deferral / active EE | $2,599 | $3,346-22.3% | $3,961-34.4% | $3,767-31.0% |
| Admin fee / account holder | $1,144 | $1,373-16.6% | $5,028-77.2% | $2,969-61.5% |