Filed April 25, 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 | $94,235 | $27,839+238.5% | $58,482+61.1% | $71,457+31.9% |
| Participation rate | 14.7% | 34.5%-19.8pp | 50.9%-36.1pp | 67.9%-53.2pp |
| Annual return | 12.87% | 26.81%-13.9pp | 4239.32%-4226.4pp | 28.85%-16.0pp |
| Employer contribution / active EE | $677 | $631+7.3% | $1,053-35.8% | $2,588-73.9% |
| Participant deferral / active EE | $1,290 | $1,206+6.9% | $1,924-33.0% | $4,289-69.9% |
| Admin fee / account holder | $9,650 | $1,641+488.2% | $2,516+283.6% | $1,587+508.0% |