Filed August 23, 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $71,252 | $87,870-18.9% | $113,168-37.0% | $74,304-4.1% |
| Participation rate | 62.0% | 70.7%-8.7pp | 76.6%-14.5pp | 60.3%+1.7pp |
| Annual return | 17.42% | 26.44%-9.0pp | 24.27%-6.8pp | 29.43%-12.0pp |
| Employer contribution / active EE | $1,248 | $2,277-45.2% | $2,975-58.1% | $2,241-44.3% |
| Participant deferral / active EE | $3,406 | $4,241-19.7% | $5,107-33.3% | $3,767-9.6% |
| Admin fee / account holder | $6,917 | $3,368+105.4% | $12,068-42.7% | $2,969+133.0% |