Filed April 24, 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 8-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 | $75,492 | $86,922-13.1% | $102,438-26.3% | $80,874-6.7% |
| Participation rate | 63.5% | 72.4%-8.9pp | 76.5%-13.0pp | 67.6%-4.2pp |
| Annual return | 11.16% | 18.90%-7.7pp | 29.37%-18.2pp | 35.62%-24.5pp |
| Employer contribution / active EE | $2,469 | $2,369+4.2% | $3,024-18.3% | $2,756-10.4% |
| Participant deferral / active EE | $5,183 | $4,119+25.8% | $5,054+2.6% | $4,297+20.6% |
| Admin fee / account holder | $17,829 | $8,050+121.5% | $9,448+88.7% | $6,935+157.1% |