Filed February 4, 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 | $57,827 | $46,674+23.9% | $117,472-50.8% | $68,494-15.6% |
| Participation rate | 53.3% | 56.8%-3.4pp | 70.6%-17.3pp | 67.9%-14.6pp |
| Annual return | -11.32% | -14.52%+3.2pp | 29.74%-41.1pp | -7.84%-3.5pp |
| Employer contribution / active EE | $1,390 | $1,505-7.6% | $4,176-66.7% | $2,596-46.5% |
| Participant deferral / active EE | $3,130 | $2,636+18.7% | $4,070-23.1% | $4,027-22.3% |
| Admin fee / account holder | $1,474 | $4,020-63.3% | $5,645-73.9% | $5,403-72.7% |