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 | $100,548 | $34,934+187.8% | $56,411+78.2% | $74,495+35.0% |
| Participation rate | 16.7% | 32.8%-16.2pp | 52.5%-35.8pp | 67.2%-50.5pp |
| Annual return | 9.76% | 25.94%-16.2pp | 1701.33%-1691.6pp | 1364.94%-1355.2pp |
| Employer contribution / active EE | $847 | $609+39.1% | $1,039-18.4% | $2,623-67.7% |
| Participant deferral / active EE | $1,651 | $1,170+41.1% | $1,952-15.4% | $4,346-62.0% |
| Admin fee / account holder | $7,142 | $2,364+202.1% | $2,829+152.5% | $1,942+267.8% |