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 | $74,522 | $55,415+34.5% | $155,509-52.1% | $74,4950% |
| Participation rate | 62.7% | 61.9%+0.8pp | 78.2%-15.5pp | 67.2%-4.5pp |
| Annual return | 9.10% | 268.50%-259.4pp | 64.67%-55.6pp | 1364.94%-1355.8pp |
| Employer contribution / active EE | $2,651 | $2,267+16.9% | $4,672-43.3% | $2,623+1.1% |
| Participant deferral / active EE | $4,107 | $2,836+44.8% | $5,626-27.0% | $4,346-5.5% |
| Admin fee / account holder | $3,071 | $1,738+76.7% | $15,912-80.7% | $1,942+58.2% |