Filed April 27, 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 | $16,527 | $61,272-73.0% | $149,673-89.0% | $71,457-76.9% |
| Participation rate | 45.3% | 62.5%-17.2pp | 78.8%-33.5pp | 67.9%-22.6pp |
| Annual return | 22.76% | 35.85%-13.1pp | 134.42%-111.7pp | 28.85%-6.1pp |
| Employer contribution / active EE | $1,235 | $2,378-48.1% | $4,818-74.4% | $2,588-52.3% |
| Participant deferral / active EE | $1,626 | $2,917-44.3% | $5,680-71.4% | $4,289-62.1% |
| Admin fee / account holder | $2,474 | $1,261+96.1% | $13,210-81.3% | $1,587+55.9% |