Filed November 13, 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 6-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 | $35,854 | $54,705-34.5% | $71,209-49.7% | $84,808-57.7% |
| Participation rate | 61.5% | 64.1%-2.5pp | 73.8%-12.2pp | 68.3%-6.8pp |
| Annual return | 15.10% | 35.90%-20.8pp | 282.51%-267.4pp | 40.90%-25.8pp |
| Employer contribution / active EE | $1,540 | $2,158-28.7% | $2,721-43.4% | $2,631-41.5% |
| Participant deferral / active EE | $2,875 | $3,030-5.1% | $4,175-31.1% | $4,212-31.7% |
| Admin fee / account holder | $419 | $4,863-91.4% | $5,349-92.2% | $7,344-94.3% |