Filed December 18, 2023
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 | $160,292 | $73,933+116.8% | $96,683+65.8% | $75,163+113.3% |
| Participation rate | 68.4% | 66.4%+2.0pp | 74.3%-5.9pp | 67.2%+1.2pp |
| Annual return | 22.42% | 26.70%-4.3pp | 35.69%-13.3pp | 160.62%-138.2pp |
| Employer contribution / active EE | $3,132 | $2,928+7.0% | $3,737-16.2% | $2,670+17.3% |
| Participant deferral / active EE | $7,546 | $3,659+106.3% | $4,878+54.7% | $4,125+82.9% |
| Admin fee / account holder | $6,716 | $5,216+28.8% | $6,730-0.2% | $5,651+18.9% |