Filed May 10, 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 | $55,361 | $208,526-73.5% | $96,683-42.7% | - |
| Participation rate | 56.6% | 66.0%-9.4pp | 74.3%-17.8pp | - |
| Annual return | 21.48% | 18.23%+3.3pp | 35.69%-14.2pp | - |
| Employer contribution / active EE | $4,110 | $2,182+88.3% | $3,737+10.0% | - |
| Participant deferral / active EE | $3,596 | $4,056-11.3% | $4,878-26.3% | - |
| Admin fee / account holder | $1,966 | $13,060-84.9% | $6,730-70.8% | - |