Filed December 21, 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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $110,075 | $82,978+32.7% | $129,995-15.3% | $71,457+54.0% |
| Participation rate | 56.0% | 74.1%-18.0pp | 78.5%-22.5pp | 67.9%-11.9pp |
| Annual return | 16.23% | 20.60%-4.4pp | -137.18%+153.4pp | 28.85%-12.6pp |
| Employer contribution / active EE | $689 | $2,622-73.7% | $4,320-84.0% | $2,588-73.4% |
| Participant deferral / active EE | $4,686 | $4,432+5.7% | $5,820-19.5% | $4,289+9.3% |
| Admin fee / account holder | $6,515 | $1,729+276.8% | $10,614-38.6% | $1,587+310.5% |