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 | $101,469 | $54,701+85.5% | $86,188+17.7% | $71,457+42.0% |
| Participation rate | 52.9% | 60.1%-7.2pp | 69.0%-16.1pp | 67.9%-15.0pp |
| Annual return | 16.43% | 20.06%-3.6pp | 1168.45%-1152.0pp | 28.85%-12.4pp |
| Employer contribution / active EE | $482 | $1,265-61.9% | $2,380-79.7% | $2,588-81.4% |
| Participant deferral / active EE | $2,615 | $3,108-15.9% | $3,985-34.4% | $4,289-39.0% |
| Admin fee / account holder | $1,531 | $1,922-20.3% | $6,852-77.7% | $1,587-3.5% |