Filed September 19, 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 | $88,388 | $80,968+9.2% | $96,544-8.4% | $75,163+17.6% |
| Participation rate | 58.1% | 71.8%-13.6pp | 76.0%-17.8pp | 67.2%-9.1pp |
| Annual return | 14.20% | 27.06%-12.9pp | 25.84%-11.6pp | 160.62%-146.4pp |
| Employer contribution / active EE | $2,486 | $2,282+9.0% | $2,965-16.1% | $2,670-6.9% |
| Participant deferral / active EE | $3,212 | $3,928-18.2% | $4,851-33.8% | $4,125-22.1% |
| Admin fee / account holder | $1,222 | $6,724-81.8% | $8,252-85.2% | $5,651-78.4% |