Filed July 19, 2023
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.)
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 | $22,178 | $100,041-77.8% | $149,718-85.2% | $70,131-68.4% |
| Participation rate | 53.7% | 83.6%-29.9pp | 87.1%-33.4pp | 69.5%-15.9pp |
| Annual return | 15.29% | 27.43%-12.1pp | 1501.63%-1486.3pp | 73.14%-57.8pp |
| Employer contribution / active EE | $1,286 | $3,662-64.9% | $5,445-76.4% | $2,342-45.1% |
| Participant deferral / active EE | $2,468 | $4,983-50.5% | $6,569-62.4% | $3,332-25.9% |
| Admin fee / account holder | $2,288 | $8,286-72.4% | $11,283-79.7% | $4,645-50.7% |