Filed September 15, 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 | $37,205 | $56,767-34.5% | $101,794-63.5% | $85,563-56.5% |
| Participation rate | 29.1% | 57.6%-28.5pp | 69.2%-40.1pp | 66.0%-36.8pp |
| Annual return | 41.85% | 17.76%+24.1pp | 30.53%+11.3pp | 31.51%+10.3pp |
| Employer contribution / active EE | $785 | $1,112-29.5% | $2,289-65.7% | $2,654-70.4% |
| Participant deferral / active EE | $1,405 | $2,720-48.3% | $4,084-65.6% | $4,375-67.9% |
| Admin fee / account holder | $3,047 | $1,098+177.5% | $8,777-65.3% | $834+265.3% |