Filed September 5, 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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $43,120 | $43,327-0.5% | $59,878-28.0% | $64,186-32.8% |
| Participation rate | 56.0% | 69.2%-13.2pp | 74.7%-18.7pp | 69.6%-13.6pp |
| Annual return | -3.34% | -1.55%-1.8pp | 3.46%-6.8pp | 7.63%-11.0pp |
| Employer contribution / active EE | $343 | $2,028-83.1% | $2,722-87.4% | $2,381-85.6% |
| Participant deferral / active EE | $1,204 | $2,546-52.7% | $3,402-64.6% | $3,470-65.3% |
| Admin fee / account holder | $6,944 | $3,005+131.1% | $3,590+93.4% | $4,888+42.1% |