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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $117,522 | $66,098+77.8% | $101,794+15.5% | $74,304+58.2% |
| Participation rate | 36.1% | 53.8%-17.7pp | 69.2%-33.1pp | 60.3%-24.3pp |
| Annual return | 15.38% | 19.59%-4.2pp | 30.53%-15.1pp | 29.43%-14.1pp |
| Employer contribution / active EE | $149 | $1,082-86.2% | $2,289-93.5% | $2,241-93.4% |
| Participant deferral / active EE | $2,229 | $2,781-19.8% | $4,084-45.4% | $3,767-40.8% |
| Admin fee / account holder | $22,844 | $4,146+451.0% | $8,777+160.3% | $2,969+669.4% |