Filed April 9, 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 8-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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $71,370 | $88,672-19.5% | $105,223-32.2% | $82,448-13.4% |
| Participation rate | 56.7% | 67.9%-11.3pp | 75.0%-18.4pp | 68.1%-11.4pp |
| Annual return | 12.09% | 30.86%-18.8pp | 180.65%-168.6pp | 41.64%-29.5pp |
| Employer contribution / active EE | $2,058 | $3,048-32.5% | $3,689-44.2% | $2,551-19.3% |
| Participant deferral / active EE | $5,055 | $4,036+25.3% | $5,072-0.3% | $4,139+22.1% |
| Admin fee / account holder | $6,121 | $7,146-14.3% | $8,859-30.9% | $7,234-15.4% |