Filed January 19, 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 4-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 | $59,026 | $67,984-13.2% | $65,493-9.9% | $74,304-20.6% |
| Participation rate | 45.8% | 66.3%-20.5pp | 73.1%-27.3pp | 60.3%-14.6pp |
| Annual return | 13.43% | 19.87%-6.4pp | 982.45%-969.0pp | 29.43%-16.0pp |
| Employer contribution / active EE | $971 | $2,491-61.0% | $2,574-62.3% | $2,241-56.7% |
| Participant deferral / active EE | $3,419 | $3,346+2.2% | $3,961-13.7% | $3,767-9.3% |
| Admin fee / account holder | $2,533 | $1,373+84.5% | $5,028-49.6% | $2,969-14.7% |