Filed February 12, 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 | $55,070 | $100,041-45.0% | $149,718-63.2% | $70,131-21.5% |
| Participation rate | 63.3% | 83.6%-20.3pp | 87.1%-23.7pp | 69.5%-6.2pp |
| Annual return | 8.18% | 27.43%-19.2pp | 1501.63%-1493.4pp | 73.14%-65.0pp |
| Employer contribution / active EE | $0 | $3,662-100.0% | $5,445-100.0% | $2,342-100.0% |
| Participant deferral / active EE | $3,096 | $4,983-37.9% | $6,569-52.9% | $3,332-7.1% |
| Admin fee / account holder | $2,045 | $8,286-75.3% | $11,283-81.9% | $4,645-56.0% |