Filed January 11, 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 8-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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,023 | $65,365-80.1% | $92,893-86.0% | $72,985-82.2% |
| Participation rate | 57.6% | 68.3%-10.7pp | 76.0%-18.4pp | 69.5%-11.9pp |
| Annual return | 109.29% | 42.10%+67.2pp | 109.41%-0.1pp | 81.00%+28.3pp |
| Employer contribution / active EE | $1,527 | $2,594-41.1% | $3,653-58.2% | $2,440-37.4% |
| Participant deferral / active EE | $3,072 | $3,128-1.8% | $4,236-27.5% | $3,607-14.8% |
| Admin fee / account holder | $356 | $4,251-91.6% | $5,794-93.9% | $5,124-93.0% |