Filed December 12, 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 | $72,664 | $104,475-30.4% | $159,436-54.4% | $79,386-8.5% |
| Participation rate | 44.5% | 76.6%-32.1pp | 82.8%-38.3pp | 70.7%-26.2pp |
| Annual return | 18.19% | 67.95%-49.8pp | 263.57%-245.4pp | 116.85%-98.7pp |
| Employer contribution / active EE | $0 | $3,417-100.0% | $4,829-100.0% | $2,427-100.0% |
| Participant deferral / active EE | $6,858 | $6,467+6.0% | $7,352-6.7% | $4,046+69.5% |
| Admin fee / account holder | $2,108 | $711+196.5% | $10,799-80.5% | $626+236.6% |