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 | $74,732 | $102,317-27.0% | $146,958-49.1% | $80,856-7.6% |
| Participation rate | 61.4% | 75.8%-14.4pp | 82.2%-20.7pp | 67.6%-6.2pp |
| Annual return | 13.48% | 134.76%-121.3pp | 418.34%-404.9pp | 35.59%-22.1pp |
| Employer contribution / active EE | $1,536 | $3,713-58.6% | $4,933-68.9% | $2,755-44.3% |
| Participant deferral / active EE | $3,425 | $6,644-48.5% | $8,070-57.6% | $4,296-20.3% |
| Admin fee / account holder | $1,021 | $7,941-87.1% | $12,998-92.1% | $6,918-85.2% |