Filed April 5, 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.
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 | $98,652 | $127,386-22.6% | $115,037-14.2% | $125,391-21.3% |
| Participation rate | 66.7% | 84.2%-17.5pp | 81.4%-14.7pp | 83.2%-16.5pp |
| Annual return | -2.71% | 31.28%-34.0pp | 26.14%-28.9pp | 282.22%-284.9pp |
| Employer contribution / active EE | $7,850 | $5,166+52.0% | $4,608+70.4% | $4,866+61.3% |
| Participant deferral / active EE | $17,667 | $6,423+175.1% | $6,026+193.1% | $5,352+230.1% |
| Admin fee / account holder | $902 | $9,516-90.5% | $8,175-89.0% | $9,540-90.5% |