Filed April 8, 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 9-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 | $36,464 | $89,355-59.2% | $141,162-74.2% | $72,985-50.0% |
| Participation rate | 56.6% | 75.1%-18.5pp | 82.5%-25.8pp | 69.5%-12.9pp |
| Annual return | 26.78% | 111.85%-85.1pp | 71.39%-44.6pp | 81.00%-54.2pp |
| Employer contribution / active EE | $1,345 | $3,114-56.8% | $4,735-71.6% | $2,440-44.9% |
| Participant deferral / active EE | $2,523 | $5,418-53.4% | $6,709-62.4% | $3,607-30.1% |
| Admin fee / account holder | $643 | $5,958-89.2% | $10,261-93.7% | $5,124-87.5% |