Filed March 6, 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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $15,602 | $52,681-70.4% | $75,781-79.4% | $59,632-73.8% |
| Participation rate | 31.3% | 67.2%-36.0pp | 75.8%-44.6pp | 68.7%-37.4pp |
| Annual return | -5.97% | 2.95%-8.9pp | 9.68%-15.6pp | 2041.28%-2047.3pp |
| Employer contribution / active EE | $896 | $2,193-59.2% | $3,323-73.0% | $2,203-59.3% |
| Participant deferral / active EE | $1,289 | $2,591-50.3% | $3,651-64.7% | $3,192-59.6% |
| Admin fee / account holder | $725 | $3,610-79.9% | $5,299-86.3% | $4,297-83.1% |