Filed November 19, 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 | $158,900 | $80,968+96.2% | $96,544+64.6% | $75,163+111.4% |
| Participation rate | 62.7% | 71.8%-9.1pp | 76.0%-13.3pp | 67.2%-4.5pp |
| Annual return | 18.31% | 27.06%-8.8pp | 25.84%-7.5pp | 160.62%-142.3pp |
| Employer contribution / active EE | $1,658 | $2,282-27.3% | $2,965-44.1% | $2,670-37.9% |
| Participant deferral / active EE | $3,845 | $3,928-2.1% | $4,851-20.7% | $4,125-6.8% |
| Admin fee / account holder | $1,173 | $6,724-82.6% | $8,252-85.8% | $5,651-79.2% |