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 | $132,698 | $101,724+30.4% | $164,813-19.5% | $80,856+64.1% |
| Participation rate | 59.8% | 71.8%-12.0pp | 78.6%-18.8pp | 67.6%-7.9pp |
| Annual return | 13.62% | 16.72%-3.1pp | 69.93%-56.3pp | 35.59%-22.0pp |
| Employer contribution / active EE | $2,296 | $2,953-22.3% | $4,341-47.1% | $2,755-16.6% |
| Participant deferral / active EE | $4,418 | $4,477-1.3% | $6,031-26.8% | $4,296+2.8% |
| Admin fee / account holder | $5,714 | $8,227-30.5% | $12,690-55.0% | $6,918-17.4% |