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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $73,583 | $52,406+40.4% | $129,207-43.1% | $74,495-1.2% |
| Participation rate | 43.4% | 53.8%-10.4pp | 69.6%-26.2pp | 67.2%-23.8pp |
| Annual return | 10.89% | 15.66%-4.8pp | 9417.33%-9406.4pp | 1364.94%-1354.1pp |
| Employer contribution / active EE | $1,233 | $1,531-19.4% | $4,153-70.3% | $2,623-53.0% |
| Participant deferral / active EE | $2,688 | $2,794-3.8% | $4,168-35.5% | $4,346-38.1% |
| Admin fee / account holder | $6,575 | $2,633+149.7% | $7,715-14.8% | $1,942+238.6% |