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 | $106,012 | $59,417+78.4% | $93,606+13.3% | $74,495+42.3% |
| Participation rate | 49.5% | 59.7%-10.1pp | 68.7%-19.2pp | 67.2%-17.7pp |
| Annual return | 11.74% | 81.83%-70.1pp | 133.20%-121.5pp | 1364.94%-1353.2pp |
| Employer contribution / active EE | $484 | $1,264-61.7% | $2,420-80.0% | $2,623-81.5% |
| Participant deferral / active EE | $2,651 | $3,050-13.1% | $4,411-39.9% | $4,346-39.0% |
| Admin fee / account holder | $4,285 | $3,021+41.8% | $8,285-48.3% | $1,942+120.7% |