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 | $113,847 | $52,279+117.8% | $89,391+27.4% | $79,858+42.6% |
| Participation rate | 68.0% | 57.5%+10.5pp | 68.0%0pp | 69.6%-1.6pp |
| Annual return | 16.97% | 22.16%-5.2pp | 245.62%-228.6pp | 31.71%-14.7pp |
| Employer contribution / active EE | $1,339 | $1,572-14.8% | $2,586-48.2% | $2,471-45.8% |
| Participant deferral / active EE | $2,281 | $2,740-16.8% | $3,890-41.4% | $3,740-39.0% |
| Admin fee / account holder | $16,778 | $3,356+399.9% | $4,881+243.7% | $5,306+216.2% |