Filed August 15, 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 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 | $228,411 | $52,353+336.3% | $120,225+90.0% | $82,448+177.0% |
| Participation rate | 44.8% | 58.3%-13.5pp | 69.6%-24.8pp | 68.1%-23.3pp |
| Annual return | 14.43% | 61.85%-47.4pp | 439.23%-424.8pp | 41.64%-27.2pp |
| Employer contribution / active EE | $1,748 | $1,510+15.7% | $3,475-49.7% | $2,551-31.5% |
| Participant deferral / active EE | $4,530 | $2,627+72.5% | $3,999+13.3% | $4,139+9.4% |
| Admin fee / account holder | $3,042 | $4,363-30.3% | $5,696-46.6% | $7,234-58.0% |