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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $66,129 | $61,272+7.9% | $149,673-55.8% | $71,457-7.5% |
| Participation rate | 57.8% | 62.5%-4.7pp | 78.8%-20.9pp | 67.9%-10.1pp |
| Annual return | 10.58% | 35.85%-25.3pp | 134.42%-123.8pp | 28.85%-18.3pp |
| Employer contribution / active EE | $2,200 | $2,378-7.5% | $4,818-54.3% | $2,588-15.0% |
| Participant deferral / active EE | $3,292 | $2,917+12.8% | $5,680-42.0% | $4,289-23.2% |
| Admin fee / account holder | $5,952 | $1,261+371.9% | $13,210-54.9% | $1,587+275.0% |