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 | $86,449 | $72,492+19.3% | $87,100-0.7% | $72,985+18.4% |
| Participation rate | 57.4% | 72.8%-15.4pp | 76.9%-19.4pp | 69.5%-12.0pp |
| Annual return | 18.56% | 24.46%-5.9pp | 28.19%-9.6pp | 81.00%-62.4pp |
| Employer contribution / active EE | $2,658 | $1,894+40.3% | $2,521+5.4% | $2,440+8.9% |
| Participant deferral / active EE | $4,029 | $3,270+23.2% | $4,049-0.5% | $3,607+11.7% |
| Admin fee / account holder | $4,064 | $5,055-19.6% | $7,497-45.8% | $5,124-20.7% |