Filed April 26, 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 | $85,085 | $60,349+41.0% | $74,183+14.7% | $62,891+35.3% |
| Participation rate | 53.8% | 72.7%-18.9pp | 76.6%-22.8pp | 69.3%-15.5pp |
| Annual return | 12.61% | 21.37%-8.8pp | 17.74%-5.1pp | 20.14%-7.5pp |
| Employer contribution / active EE | $1,185 | $1,680-29.4% | $2,370-50.0% | $2,281-48.0% |
| Participant deferral / active EE | $2,054 | $2,856-28.1% | $3,550-42.1% | $3,203-35.9% |
| Admin fee / account holder | $2,076 | $4,261-51.3% | $5,586-62.8% | $4,296-51.7% |