Filed October 3, 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 5-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 | $52,812 | $57,016-7.4% | $84,966-37.8% | $80,856-34.7% |
| Participation rate | 59.0% | 56.3%+2.7pp | 67.5%-8.5pp | 67.6%-8.6pp |
| Annual return | 12.70% | 21.66%-9.0pp | 66.38%-53.7pp | 35.59%-22.9pp |
| Employer contribution / active EE | $2,061 | $1,798+14.7% | $2,727-24.4% | $2,755-25.2% |
| Participant deferral / active EE | $4,482 | $3,110+44.1% | $4,519-0.8% | $4,296+4.3% |
| Admin fee / account holder | $994 | $4,980-80.0% | $6,149-83.8% | $6,918-85.6% |