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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $86,842 | $68,346+27.1% | $94,646-8.2% | $75,163+15.5% |
| Participation rate | 48.9% | 76.1%-27.2pp | 80.8%-31.9pp | 67.2%-18.3pp |
| Annual return | 17.51% | 616.93%-599.4pp | 156.71%-139.2pp | 160.62%-143.1pp |
| Employer contribution / active EE | $235 | $2,701-91.3% | $3,672-93.6% | $2,670-91.2% |
| Participant deferral / active EE | $5,760 | $6,537-11.9% | $7,418-22.3% | $4,125+39.6% |
| Admin fee / account holder | $2,304 | $5,326-56.7% | $7,231-68.1% | $5,651-59.2% |