Filed January 29, 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 | $50,297 | $58,577-14.1% | $83,333-39.6% | $64,186-21.6% |
| Participation rate | 64.8% | 72.0%-7.2pp | 77.8%-12.9pp | 69.6%-4.8pp |
| Annual return | -8.23% | 9.65%-17.9pp | 10.63%-18.9pp | 7.63%-15.9pp |
| Employer contribution / active EE | $342 | $2,098-83.7% | $3,379-89.9% | $2,381-85.6% |
| Participant deferral / active EE | $3,694 | $4,654-20.6% | $5,565-33.6% | $3,470+6.5% |
| Admin fee / account holder | $8,827 | $9,275-4.8% | $7,510+17.5% | $4,888+80.6% |