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 | $112,731 | $86,286+30.6% | $111,297+1.3% | $85,850+31.3% |
| Participation rate | 58.3% | 73.3%-15.0pp | 77.3%-19.0pp | 69.3%-11.0pp |
| Annual return | 12.01% | 19.99%-8.0pp | 54.65%-42.6pp | 318.53%-306.5pp |
| Employer contribution / active EE | $3,227 | $2,043+58.0% | $2,731+18.2% | $2,565+25.8% |
| Participant deferral / active EE | $5,021 | $3,641+37.9% | $4,487+11.9% | $3,952+27.1% |
| Admin fee / account holder | $5,017 | $8,188-38.7% | $7,964-37.0% | $6,260-19.9% |