Filed March 6, 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $130,358 | $81,900+59.2% | $119,609+9.0% | $68,494+90.3% |
| Participation rate | 64.1% | 71.9%-7.8pp | 79.3%-15.2pp | 67.9%-3.8pp |
| Annual return | -5.95% | -23.82%+17.9pp | -14.97%+9.0pp | -7.84%+1.9pp |
| Employer contribution / active EE | $2,867 | $2,693+6.5% | $4,232-32.2% | $2,596+10.4% |
| Participant deferral / active EE | $5,200 | $4,148+25.4% | $5,602-7.2% | $4,027+29.1% |
| Admin fee / account holder | $13,657 | $6,582+107.5% | $10,323+32.3% | $5,403+152.8% |