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 | $136,007 | $86,929+56.5% | $102,423+32.8% | $80,856+68.2% |
| Participation rate | 59.6% | 72.4%-12.8pp | 76.5%-16.9pp | 67.6%-8.0pp |
| Annual return | 11.75% | 18.88%-7.1pp | 29.32%-17.6pp | 35.59%-23.8pp |
| Employer contribution / active EE | $3,743 | $2,369+58.0% | $3,023+23.8% | $2,755+35.9% |
| Participant deferral / active EE | $5,832 | $4,118+41.6% | $5,053+15.4% | $4,296+35.8% |
| Admin fee / account holder | $8,603 | $8,049+6.9% | $9,451-9.0% | $6,918+24.4% |