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 | $77,542 | $53,053+46.2% | $126,539-38.7% | $74,304+4.4% |
| Participation rate | 41.9% | 48.0%-6.1pp | 69.8%-27.9pp | 60.3%-18.4pp |
| Annual return | 11.77% | 29.46%-17.7pp | 425.95%-414.2pp | 29.43%-17.7pp |
| Employer contribution / active EE | $699 | $1,168-40.2% | $3,674-81.0% | $2,241-68.8% |
| Participant deferral / active EE | $2,866 | $2,303+24.4% | $4,083-29.8% | $3,767-23.9% |
| Admin fee / account holder | $13,272 | $3,698+258.9% | $6,065+118.9% | $2,969+347.1% |