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 | $80,717-44.1% | $154,803-70.9% | $84,808-46.8% |
| Participation rate | 55.7% | 66.8%-11.1pp | 78.1%-22.3pp | 68.3%-12.6pp |
| Annual return | 18.76% | 37.96%-19.2pp | 58.88%-40.1pp | 40.90%-22.1pp |
| Employer contribution / active EE | $2,908 | $2,761+5.3% | $4,305-32.5% | $2,631+10.5% |
| Participant deferral / active EE | $3,599 | $3,303+8.9% | $5,540-35.0% | $4,212-14.6% |
| Admin fee / account holder | $2,553 | $6,746-62.2% | $14,329-82.2% | $7,344-65.2% |