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 | $78,186 | $52,406+49.2% | $129,207-39.5% | $74,495+5.0% |
| Participation rate | 35.0% | 53.8%-18.8pp | 69.6%-34.7pp | 67.2%-32.2pp |
| Annual return | 13.37% | 15.66%-2.3pp | 9417.33%-9404.0pp | 1364.94%-1351.6pp |
| Employer contribution / active EE | $277 | $1,531-81.9% | $4,153-93.3% | $2,623-89.5% |
| Participant deferral / active EE | $1,600 | $2,794-42.7% | $4,168-61.6% | $4,346-63.2% |
| Admin fee / account holder | $29,534 | $2,633+1021.7% | $7,715+282.8% | $1,942+1421.0% |