Filed September 20, 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 5-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 | $45,088 | $76,407-41.0% | $150,298-70.0% | $82,448-45.3% |
| Participation rate | 55.7% | 66.4%-10.7pp | 77.8%-22.0pp | 68.1%-12.3pp |
| Annual return | 18.76% | 39.99%-21.2pp | 62.79%-44.0pp | 41.64%-22.9pp |
| Employer contribution / active EE | $2,908 | $2,614+11.3% | $4,154-30.0% | $2,551+14.0% |
| Participant deferral / active EE | $3,599 | $3,214+12.0% | $5,453-34.0% | $4,139-13.1% |
| Admin fee / account holder | $2,553 | $6,352-59.8% | $14,116-81.9% | $7,234-64.7% |