Filed July 1, 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 7-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 | $83,476 | $84,556-1.3% | $116,228-28.2% | $74,304+12.3% |
| Participation rate | 67.0% | 66.0%+0.9pp | 74.6%-7.6pp | 60.3%+6.6pp |
| Annual return | 16.88% | 18.35%-1.5pp | 90.06%-73.2pp | 29.43%-12.5pp |
| Employer contribution / active EE | $5,922 | $2,168+173.2% | $2,994+97.8% | $2,241+164.2% |
| Participant deferral / active EE | $8,430 | $3,814+121.0% | $4,953+70.2% | $3,767+123.8% |
| Admin fee / account holder | $10,723 | $3,792+182.8% | $11,989-10.6% | $2,969+261.2% |