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 | $58,819 | $80,724-27.1% | $103,333-43.1% | $74,495-21.0% |
| Participation rate | 53.5% | 65.7%-12.2pp | 74.5%-21.0pp | 67.2%-13.7pp |
| Annual return | 15.06% | 27.56%-12.5pp | 24.88%-9.8pp | 1364.94%-1349.9pp |
| Employer contribution / active EE | $1,792 | $3,157-43.2% | $3,868-53.7% | $2,623-31.7% |
| Participant deferral / active EE | $4,148 | $3,860+7.5% | $5,057-18.0% | $4,346-4.5% |
| Admin fee / account holder | $3,602 | $2,368+52.1% | $8,355-56.9% | $1,942+85.5% |