Filed May 8, 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.)
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant exceed $250,000 - top-decile high-value plan.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $272,235 | $94,529+188.0% | $140,016+94.4% | $64,186+324.1% |
| Participation rate | 23.4% | 84.1%-60.7pp | 87.5%-64.1pp | 69.6%-46.2pp |
| Annual return | -8.19% | 7.77%-16.0pp | 651.12%-659.3pp | 7.63%-15.8pp |
| Employer contribution / active EE | $5,565 | $3,812+46.0% | $5,606-0.7% | $2,381+133.8% |
| Participant deferral / active EE | $8,225 | $5,250+56.7% | $6,927+18.7% | $3,470+137.1% |
| Admin fee / account holder | $13,459 | $6,741+99.7% | $10,705+25.7% | $4,888+175.3% |