Filed September 8, 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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $18,210 | $95,416-80.9% | $185,823-90.2% | $85,850-78.8% |
| Participation rate | 22.9% | 68.8%-45.8pp | 81.7%-58.8pp | 69.3%-46.4pp |
| Annual return | 15.31% | 23.59%-8.3pp | 122.05%-106.7pp | 318.53%-303.2pp |
| Employer contribution / active EE | $305 | $3,314-90.8% | $5,167-94.1% | $2,565-88.1% |
| Participant deferral / active EE | $1,062 | $3,423-69.0% | $5,568-80.9% | $3,952-73.1% |
| Admin fee / account holder | $1,889 | $7,213-73.8% | $16,237-88.4% | $6,260-69.8% |