Filed March 29, 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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $95,191 | $48,335+96.9% | $121,098-21.4% | $71,457+33.2% |
| Participation rate | 32.0% | 54.3%-22.3pp | 69.5%-37.5pp | 67.9%-35.9pp |
| Annual return | 17.23% | 23.32%-6.1pp | 985.75%-968.5pp | 28.85%-11.6pp |
| Employer contribution / active EE | $228 | $1,489-84.7% | $4,164-94.5% | $2,588-91.2% |
| Participant deferral / active EE | $1,357 | $2,754-50.7% | $4,080-66.7% | $4,289-68.4% |
| Admin fee / account holder | $930 | $1,841-49.4% | $5,644-83.5% | $1,587-41.4% |