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 | $102,546 | $48,576+111.1% | $169,463-39.5% | $56,287+82.2% |
| Participation rate | 68.3% | 65.8%+2.5pp | 77.8%-9.5pp | 69.9%-1.5pp |
| Annual return | -5.11% | -2.51%-2.6pp | 1.83%-6.9pp | -9.96%+4.8pp |
| Employer contribution / active EE | $2,442 | $1,559+56.7% | $4,159-41.3% | $2,111+15.7% |
| Participant deferral / active EE | $3,668 | $3,275+12.0% | $5,277-30.5% | $3,350+9.5% |
| Admin fee / account holder | $2,792 | $435+541.7% | $9,109-69.3% | $521+436.0% |