Filed March 9, 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 | $31,392 | $58,828-46.6% | $77,999-59.8% | $62,891-50.1% |
| Participation rate | 53.1% | 71.1%-18.0pp | 75.5%-22.5pp | 69.3%-16.2pp |
| Annual return | 8.21% | 17.16%-8.9pp | 425.96%-417.7pp | 20.14%-11.9pp |
| Employer contribution / active EE | $1,668 | $1,672-0.2% | $2,470-32.5% | $2,281-26.8% |
| Participant deferral / active EE | $3,574 | $2,686+33.1% | $3,497+2.2% | $3,203+11.6% |
| Admin fee / account holder | $11,825 | $4,393+169.2% | $5,480+115.8% | $4,296+175.3% |