Filed February 12, 2024
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 | $85,626 | $51,576+66.0% | $129,207-33.7% | $80,856+5.9% |
| Participation rate | 51.5% | 57.0%-5.5pp | 69.6%-18.1pp | 67.6%-16.1pp |
| Annual return | 14.04% | 20.81%-6.8pp | 9417.33%-9403.3pp | 35.59%-21.6pp |
| Employer contribution / active EE | $0 | $1,584-100.0% | $4,153-100.0% | $2,755-100.0% |
| Participant deferral / active EE | $3,630 | $2,669+36.0% | $4,168-12.9% | $4,296-15.5% |
| Admin fee / account holder | $10,125 | $4,305+135.2% | $7,715+31.2% | $6,918+46.4% |