Filed September 19, 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 | $79,240 | $47,105+68.2% | $68,368+15.9% | $67,986+16.6% |
| Participation rate | 68.4% | 51.8%+16.6pp | 73.8%-5.3pp | 57.2%+11.2pp |
| Annual return | 28.09% | 48.37%-20.3pp | 292.57%-264.5pp | 31.67%-3.6pp |
| Employer contribution / active EE | $2,905 | $1,859+56.3% | $2,649+9.7% | $2,019+43.9% |
| Participant deferral / active EE | $7,391 | $2,374+211.3% | $4,123+79.3% | $3,358+120.1% |
| Admin fee / account holder | $486 | $2,435-80.0% | $5,150-90.6% | $3,203-84.8% |