Filed November 30, 2023
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 | $63,736 | $62,586+1.8% | $76,768-17.0% | $64,186-0.7% |
| Participation rate | 60.4% | 72.8%-12.4pp | 77.0%-16.5pp | 69.6%-9.2pp |
| Annual return | -6.04% | -1.95%-4.1pp | 2.43%-8.5pp | 7.63%-13.7pp |
| Employer contribution / active EE | $2,362 | $1,832+29.0% | $2,485-4.9% | $2,381-0.8% |
| Participant deferral / active EE | $3,767 | $3,145+19.8% | $3,852-2.2% | $3,470+8.6% |
| Admin fee / account holder | $8,680 | $4,667+86.0% | $6,675+30.0% | $4,888+77.6% |