Filed January 2, 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.)
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $30 | $105,181-100.0% | $159,436-100.0% | $85,850-100.0% |
| Participation rate | 5.9% | 75.8%-69.9pp | 82.8%-76.9pp | 69.3%-63.4pp |
| Annual return | -72.95% | 45.07%-118.0pp | 263.57%-336.5pp | 318.53%-391.5pp |
| Employer contribution / active EE | $3,103 | $3,318-6.5% | $4,829-35.7% | $2,565+21.0% |
| Participant deferral / active EE | $10,762 | $5,945+81.0% | $7,352+46.4% | $3,952+172.3% |
| Admin fee / account holder | $1,153,328 | $6,933+16534.4% | $10,799+10580.4% | $6,260+18324.1% |