Filed November 12, 2024
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 | $26,193 | $54,705-52.1% | $71,209-63.2% | $84,808-69.1% |
| Participation rate | 50.0% | 64.1%-14.1pp | 73.8%-23.8pp | 68.3%-18.3pp |
| Annual return | 5.82% | 35.90%-30.1pp | 282.51%-276.7pp | 40.90%-35.1pp |
| Employer contribution / active EE | $835 | $2,158-61.3% | $2,721-69.3% | $2,631-68.3% |
| Participant deferral / active EE | $1,578 | $3,030-47.9% | $4,175-62.2% | $4,212-62.5% |
| Admin fee / account holder | $1,416 | $4,863-70.9% | $5,349-73.5% | $7,344-80.7% |