Filed January 23, 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 | $14,057 | $72,400-80.6% | $67,502-79.2% | $145,922-90.4% |
| Participation rate | 16.7% | 76.9%-60.2pp | 72.9%-56.2pp | 80.3%-63.6pp |
| Annual return | 13.19% | 7182.46%-7169.3pp | 3512.12%-3498.9pp | 561.29%-548.1pp |
| Employer contribution / active EE | $1,104 | $3,069-64.0% | $2,731-59.6% | $4,660-76.3% |
| Participant deferral / active EE | $1,119 | $4,783-76.6% | $4,000-72.0% | $6,688-83.3% |
| Admin fee / account holder | $506 | $5,539-90.9% | $3,998-87.3% | $13,397-96.2% |