Filed July 13, 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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $106,909 | $54,701+95.4% | $86,188+24.0% | $71,457+49.6% |
| Participation rate | 30.8% | 60.1%-29.3pp | 69.0%-38.2pp | 67.9%-37.2pp |
| Annual return | 11.33% | 20.06%-8.7pp | 1168.45%-1157.1pp | 28.85%-17.5pp |
| Employer contribution / active EE | $184 | $1,265-85.4% | $2,380-92.3% | $2,588-92.9% |
| Participant deferral / active EE | $2,255 | $3,108-27.4% | $3,985-43.4% | $4,289-47.4% |
| Admin fee / account holder | $5,572 | $1,922+190.0% | $6,852-18.7% | $1,587+251.0% |