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.)
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 | $7,322 | $58,828-87.6% | $77,999-90.6% | $62,891-88.4% |
| Participation rate | 52.5% | 71.1%-18.5pp | 75.5%-23.0pp | 69.3%-16.8pp |
| Annual return | 0.00% | 17.16%-17.2pp | 425.96%-426.0pp | 20.14%-20.1pp |
| Employer contribution / active EE | $1,569 | $1,672-6.1% | $2,470-36.5% | $2,281-31.2% |
| Participant deferral / active EE | $2,612 | $2,686-2.8% | $3,497-25.3% | $3,203-18.5% |
| Admin fee / account holder | $454 | $4,393-89.7% | $5,480-91.7% | $4,296-89.4% |