Filed April 11, 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.
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 | $97,118 | $95,193+2.0% | $76,523+26.9% | $135,375-28.3% |
| Participation rate | 68.2% | 74.4%-6.2pp | 68.0%+0.2pp | 82.6%-14.5pp |
| Annual return | -1.36% | 4.85%-6.2pp | -0.27%-1.1pp | 519.73%-521.1pp |
| Employer contribution / active EE | $2,168 | $3,302-34.3% | $2,647-18.1% | $4,779-54.6% |
| Participant deferral / active EE | $3,473 | $4,639-25.1% | $3,835-9.4% | $5,609-38.1% |
| Admin fee / account holder | $67,194 | $6,249+975.4% | $4,848+1286.0% | $10,827+520.6% |