Filed January 15, 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 | $20,426 | $46,869-56.4% | $122,332-83.3% | $70,131-70.9% |
| Participation rate | 51.2% | 58.2%-7.0pp | 71.6%-20.5pp | 69.5%-18.4pp |
| Annual return | 12.60% | 24.22%-11.6pp | 30.27%-17.7pp | 73.14%-60.5pp |
| Employer contribution / active EE | $663 | $1,288-48.5% | $4,050-83.6% | $2,342-71.7% |
| Participant deferral / active EE | $1,220 | $2,166-43.7% | $3,287-62.9% | $3,332-63.4% |
| Admin fee / account holder | $2,315 | $3,322-30.3% | $5,478-57.7% | $4,645-50.2% |