Filed October 30, 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.
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 | $19,371 | $62,672-69.1% | $185,117-89.5% | $70,131-72.4% |
| Participation rate | 41.2% | 63.8%-22.6pp | 77.3%-36.1pp | 69.5%-28.4pp |
| Annual return | 17.25% | 40.79%-23.5pp | 40.50%-23.2pp | 73.14%-55.9pp |
| Employer contribution / active EE | $1,401 | $1,753-20.1% | $4,182-66.5% | $2,342-40.2% |
| Participant deferral / active EE | $1,697 | $3,272-48.1% | $5,045-66.4% | $3,332-49.1% |
| Admin fee / account holder | $671 | $3,932-82.9% | $8,159-91.8% | $4,645-85.5% |