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 | $123,683 | $88,083+40.4% | $164,813-25.0% | $74,495+66.0% |
| Participation rate | 57.6% | 73.0%-15.4pp | 78.6%-21.0pp | 67.2%-9.6pp |
| Annual return | 11.65% | 17.26%-5.6pp | 69.93%-58.3pp | 1364.94%-1353.3pp |
| Employer contribution / active EE | $675 | $2,593-73.9% | $4,341-84.4% | $2,623-74.2% |
| Participant deferral / active EE | $4,576 | $4,498+1.7% | $6,031-24.1% | $4,346+5.3% |
| Admin fee / account holder | $4,138 | $2,234+85.3% | $12,690-67.4% | $1,942+113.1% |