Filed February 28, 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 | $96,793 | $95,803+1.0% | $113,168-14.5% | $84,808+14.1% |
| Participation rate | 40.3% | 72.9%-32.6pp | 76.6%-36.3pp | 68.3%-28.0pp |
| Annual return | 14.82% | 25.00%-10.2pp | 24.27%-9.4pp | 40.90%-26.1pp |
| Employer contribution / active EE | $1,635 | $2,360-30.7% | $2,975-45.0% | $2,631-37.8% |
| Participant deferral / active EE | $2,992 | $4,242-29.5% | $5,107-41.4% | $4,212-29.0% |
| Admin fee / account holder | $11,412 | $8,989+27.0% | $12,068-5.4% | $7,344+55.4% |