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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,422 | $55,415-65.0% | $155,509-87.5% | $74,495-73.9% |
| Participation rate | 23.2% | 61.9%-38.7pp | 78.2%-55.0pp | 67.2%-44.0pp |
| Annual return | 9.21% | 268.50%-259.3pp | 64.67%-55.5pp | 1364.94%-1355.7pp |
| Employer contribution / active EE | $676 | $2,267-70.2% | $4,672-85.5% | $2,623-74.2% |
| Participant deferral / active EE | $868 | $2,836-69.4% | $5,626-84.6% | $4,346-80.0% |
| Admin fee / account holder | $4,535 | $1,738+160.9% | $15,912-71.5% | $1,942+133.5% |