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 | $83,975 | $46,869+79.2% | $122,332-31.4% | $70,131+19.7% |
| Participation rate | 62.0% | 58.2%+3.8pp | 71.6%-9.6pp | 69.5%-7.5pp |
| Annual return | 17.59% | 24.22%-6.6pp | 30.27%-12.7pp | 73.14%-55.5pp |
| Employer contribution / active EE | $1,721 | $1,288+33.6% | $4,050-57.5% | $2,342-26.5% |
| Participant deferral / active EE | $4,183 | $2,166+93.1% | $3,287+27.3% | $3,332+25.6% |
| Admin fee / account holder | $10,706 | $3,322+222.2% | $5,478+95.4% | $4,645+130.5% |