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 | $110,094 | $59,417+85.3% | $93,606+17.6% | $74,495+47.8% |
| Participation rate | 32.2% | 59.7%-27.5pp | 68.7%-36.5pp | 67.2%-35.0pp |
| Annual return | 8.48% | 81.83%-73.4pp | 133.20%-124.7pp | 1364.94%-1356.5pp |
| Employer contribution / active EE | $145 | $1,264-88.5% | $2,420-94.0% | $2,623-94.5% |
| Participant deferral / active EE | $2,050 | $3,050-32.8% | $4,411-53.5% | $4,346-52.8% |
| Admin fee / account holder | $5,026 | $3,021+66.3% | $8,285-39.3% | $1,942+158.8% |