Filed November 22, 2022
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 | $75,172 | $46,869+60.4% | $122,332-38.6% | $70,131+7.2% |
| Participation rate | 67.2% | 58.2%+9.0pp | 71.6%-4.4pp | 69.5%-2.4pp |
| Annual return | 10.81% | 24.22%-13.4pp | 30.27%-19.5pp | 73.14%-62.3pp |
| Employer contribution / active EE | $1,290 | $1,288+0.1% | $4,050-68.2% | $2,342-44.9% |
| Participant deferral / active EE | $3,627 | $2,166+67.4% | $3,287+10.4% | $3,332+8.9% |
| Admin fee / account holder | $29,300 | $3,322+781.9% | $5,478+434.9% | $4,645+530.7% |