Filed July 2, 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,783 | $84,233-82.4% | $170,442-91.3% | $70,131-78.9% |
| Participation rate | 23.3% | 70.8%-47.5pp | 83.6%-60.3pp | 69.5%-46.3pp |
| Annual return | 14.02% | 23.06%-9.0pp | 205.93%-191.9pp | 73.14%-59.1pp |
| Employer contribution / active EE | $0 | $3,387-100.0% | $5,433-100.0% | $2,342-100.0% |
| Participant deferral / active EE | $2,419 | $3,086-21.6% | $4,939-51.0% | $3,332-27.4% |
| Admin fee / account holder | $678 | $5,698-88.1% | $13,880-95.1% | $4,645-85.4% |