Filed April 11, 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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $31,293 | $75,828-58.7% | $147,614-78.8% | $59,632-47.5% |
| Participation rate | 68.0% | 71.6%-3.6pp | 84.6%-16.6pp | 68.7%-0.7pp |
| Annual return | -3.75% | 0.37%-4.1pp | 61.98%-65.7pp | 2041.28%-2045.0pp |
| Employer contribution / active EE | $1,669 | $3,485-52.1% | $5,564-70.0% | $2,203-24.2% |
| Participant deferral / active EE | $2,896 | $3,130-7.5% | $4,895-40.8% | $3,192-9.3% |
| Admin fee / account holder | $7,461 | $5,985+24.7% | $11,611-35.7% | $4,297+73.6% |