Filed August 8, 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 3-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.
Participant 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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $90,688 | $50,815+78.5% | $155,509-41.7% | $77,643+16.8% |
| Participation rate | 4.8% | 63.1%-58.3pp | 78.2%-73.3pp | 70.6%-65.7pp |
| Annual return | 6.41% | 34.80%-28.4pp | 64.67%-58.3pp | 31.24%-24.8pp |
| Employer contribution / active EE | $0 | $1,993-100.0% | $4,672-100.0% | $2,726-100.0% |
| Participant deferral / active EE | $120 | $2,822-95.8% | $5,626-97.9% | $4,647-97.4% |
| Admin fee / account holder | $7,736 | $437+1671.6% | $15,912-51.4% | $430+1697.4% |