Filed December 22, 2023
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 | $37,582 | $76,000-50.5% | $154,107-75.6% | $64,186-41.4% |
| Participation rate | 50.5% | 70.4%-19.9pp | 83.0%-32.5pp | 69.6%-19.0pp |
| Annual return | -3.01% | 30.32%-33.3pp | 735.12%-738.1pp | 7.63%-10.6pp |
| Employer contribution / active EE | $1,692 | $3,351-49.5% | $5,298-68.1% | $2,381-28.9% |
| Participant deferral / active EE | $2,946 | $3,175-7.2% | $5,081-42.0% | $3,470-15.1% |
| Admin fee / account holder | $9,231 | $5,596+65.0% | $13,411-31.2% | $4,888+88.9% |