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 | $29,579 | $81,248-63.6% | $155,509-81.0% | $80,856-63.4% |
| Participation rate | 21.9% | 66.2%-44.4pp | 78.2%-56.3pp | 67.6%-45.8pp |
| Annual return | 17.78% | 33.31%-15.5pp | 64.67%-46.9pp | 35.59%-17.8pp |
| Employer contribution / active EE | $0 | $3,100-100.0% | $4,672-100.0% | $2,755-100.0% |
| Participant deferral / active EE | $2,064 | $3,452-40.2% | $5,626-63.3% | $4,296-52.0% |
| Admin fee / account holder | $1,860 | $7,997-76.7% | $15,912-88.3% | $6,918-73.1% |