Filed August 26, 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 7-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 | $27,210 | $64,480-57.8% | $81,382-66.6% | $80,856-66.3% |
| Participation rate | 50.0% | 63.9%-13.9pp | 69.5%-19.5pp | 67.6%-17.6pp |
| Annual return | 12.42% | 16.34%-3.9pp | 24.73%-12.3pp | 35.59%-23.2pp |
| Employer contribution / active EE | $568 | $1,978-71.3% | $2,463-76.9% | $2,755-79.4% |
| Participant deferral / active EE | $1,377 | $3,094-55.5% | $3,883-64.5% | $4,296-68.0% |
| Admin fee / account holder | $1,827 | $5,671-67.8% | $5,768-68.3% | $6,918-73.6% |