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 | $55,209 | $91,407-39.6% | $135,903-59.4% | $71,457-22.7% |
| Participation rate | 36.5% | 75.7%-39.1pp | 81.9%-45.4pp | 67.9%-31.4pp |
| Annual return | 22.90% | 29.90%-7.0pp | 68.23%-45.3pp | 28.85%-6.0pp |
| Employer contribution / active EE | $0 | $3,703-100.0% | $4,856-100.0% | $2,588-100.0% |
| Participant deferral / active EE | $3,616 | $7,092-49.0% | $7,758-53.4% | $4,289-15.7% |
| Admin fee / account holder | $12,182 | $1,266+862.4% | $10,762+13.2% | $1,587+667.4% |