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.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $124,756 | $91,538+36.3% | $129,995-4.0% | $75,163+66.0% |
| Participation rate | 58.0% | 71.4%-13.4pp | 78.5%-20.5pp | 67.2%-9.2pp |
| Annual return | 6.81% | -631.11%+637.9pp | -137.18%+144.0pp | 160.62%-153.8pp |
| Employer contribution / active EE | $760 | $2,845-73.3% | $4,320-82.4% | $2,670-71.5% |
| Participant deferral / active EE | $1,429 | $4,341-67.1% | $5,820-75.4% | $4,125-65.4% |
| Admin fee / account holder | $10,647 | $6,790+56.8% | $10,614+0.3% | $5,651+88.4% |