Filed January 4, 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 | $41,157 | $94,529-56.5% | $140,016-70.6% | $64,186-35.9% |
| Participation rate | 67.7% | 84.1%-16.4pp | 87.5%-19.8pp | 69.6%-1.9pp |
| Annual return | -7.10% | 7.77%-14.9pp | 651.12%-658.2pp | 7.63%-14.7pp |
| Employer contribution / active EE | $1,914 | $3,812-49.8% | $5,606-65.9% | $2,381-19.6% |
| Participant deferral / active EE | $3,927 | $5,250-25.2% | $6,927-43.3% | $3,470+13.2% |
| Admin fee / account holder | $764 | $6,741-88.7% | $10,705-92.9% | $4,888-84.4% |