Filed September 16, 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 6-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 | $90,627 | $59,263+52.9% | $96,562-6.1% | $79,386+14.2% |
| Participation rate | 45.6% | 61.9%-16.3pp | 69.8%-24.2pp | 70.7%-25.1pp |
| Annual return | 13.04% | 27.07%-14.0pp | 37.78%-24.7pp | 116.85%-103.8pp |
| Employer contribution / active EE | $713 | $1,216-41.3% | $2,356-69.7% | $2,427-70.6% |
| Participant deferral / active EE | $3,477 | $2,948+18.0% | $3,849-9.7% | $4,046-14.1% |
| Admin fee / account holder | $5,103 | $658+675.0% | $6,181-17.4% | $626+714.6% |