Filed October 3, 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 7-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.)
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $5,554 | $183,963-97.0% | $162,163-96.6% | $152,861-96.4% |
| Participation rate | 69.6% | 88.5%-18.9pp | 87.6%-18.0pp | 82.4%-12.9pp |
| Annual return | -84.33% | 150.76%-235.1pp | 115.59%-199.9pp | 345.32%-429.6pp |
| Employer contribution / active EE | $3,455 | $6,371-45.8% | $5,614-38.5% | $4,762-27.4% |
| Participant deferral / active EE | $0 | $8,034-100.0% | $7,298-100.0% | $5,850-100.0% |
| Admin fee / account holder | $1,217 | $13,121-90.7% | $10,843-88.8% | $11,596-89.5% |