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 | $122,886 | $80,968+51.8% | $96,544+27.3% | $75,163+63.5% |
| Participation rate | 53.7% | 71.8%-18.1pp | 76.0%-22.3pp | 67.2%-13.5pp |
| Annual return | 16.78% | 27.06%-10.3pp | 25.84%-9.1pp | 160.62%-143.8pp |
| Employer contribution / active EE | $3,572 | $2,282+56.5% | $2,965+20.5% | $2,670+33.8% |
| Participant deferral / active EE | $5,460 | $3,928+39.0% | $4,851+12.6% | $4,125+32.4% |
| Admin fee / account holder | $16,020 | $6,724+138.2% | $8,252+94.1% | $5,651+183.5% |