Filed November 20, 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $111,034 | $52,639+110.9% | $185,117-40.0% | $62,292+78.2% |
| Participation rate | 65.3% | 63.9%+1.5pp | 77.3%-11.9pp | 69.5%-4.2pp |
| Annual return | 17.53% | 19.57%-2.0pp | 40.50%-23.0pp | 28.90%-11.4pp |
| Employer contribution / active EE | $2,291 | $1,483+54.5% | $4,182-45.2% | $2,042+12.2% |
| Participant deferral / active EE | $3,248 | $3,097+4.9% | $5,045-35.6% | $3,169+2.5% |
| Admin fee / account holder | $2,563 | $374+586.0% | $8,159-68.6% | $479+434.7% |