Filed January 11, 2024
Total covered: 2 employees
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 4-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 | $65,270 | $77,314-15.6% | $177,989-63.3% | $80,856-19.3% |
| Participation rate | 66.7% | 65.7%+1.0pp | 77.1%-10.4pp | 67.6%-1.0pp |
| Annual return | 101.12% | 18.09%+83.0pp | 294.48%-193.4pp | 35.59%+65.5pp |
| Employer contribution / active EE | $2,490 | $2,292+8.6% | $3,949-36.9% | $2,755-9.6% |
| Participant deferral / active EE | $5,351 | $4,411+21.3% | $6,276-14.7% | $4,296+24.6% |
| Admin fee / account holder | $5,281 | $7,191-26.6% | $10,363-49.0% | $6,918-23.7% |