Filed September 17, 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 | $9,877 | $63,346-84.4% | $92,233-89.3% | $70,131-85.9% |
| Participation rate | 41.1% | 68.7%-27.6pp | 76.5%-35.4pp | 69.5%-28.5pp |
| Annual return | 23.68% | 530.12%-506.4pp | 176.28%-152.6pp | 73.14%-49.5pp |
| Employer contribution / active EE | $0 | $2,471-100.0% | $3,679-100.0% | $2,342-100.0% |
| Participant deferral / active EE | $2,456 | $2,854-13.9% | $3,897-37.0% | $3,332-26.3% |
| Admin fee / account holder | $323 | $3,840-91.6% | $5,194-93.8% | $4,645-93.0% |