Filed January 17, 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 7-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 | $27,283 | $30,588-10.8% | $53,898-49.4% | $85,563-68.1% |
| Participation rate | 11.6% | 26.3%-14.8pp | 55.0%-43.4pp | 66.0%-54.4pp |
| Annual return | 16.72% | 50.42%-33.7pp | 528.60%-511.9pp | 31.51%-14.8pp |
| Employer contribution / active EE | $143 | $436-67.2% | $932-84.6% | $2,654-94.6% |
| Participant deferral / active EE | $450 | $848-47.0% | $1,826-75.4% | $4,375-89.7% |
| Admin fee / account holder | $1,464 | $1,879-22.1% | $2,491-41.2% | $834+75.5% |