Filed April 24, 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 | $22,777 | $77,634-70.7% | $156,549-85.5% | $62,891-63.8% |
| Participation rate | 47.2% | 71.2%-24.0pp | 84.0%-36.8pp | 69.3%-22.1pp |
| Annual return | 9.16% | 50.32%-41.2pp | 32.23%-23.1pp | 20.14%-11.0pp |
| Employer contribution / active EE | $429 | $3,444-87.6% | $5,501-92.2% | $2,281-81.2% |
| Participant deferral / active EE | $2,640 | $3,045-13.3% | $4,871-45.8% | $3,203-17.6% |
| Admin fee / account holder | $4,311 | $5,561-22.5% | $13,027-66.9% | $4,296+0.4% |