Filed June 7, 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.
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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,452 | $71,050-85.3% | $93,606-88.8% | $80,856-87.1% |
| Participation rate | 94.1% | 60.4%+33.7pp | 68.7%+25.4pp | 67.6%+26.5pp |
| Annual return | 0.00% | 11.26%-11.3pp | 133.20%-133.2pp | 35.59%-35.6pp |
| Employer contribution / active EE | $3,373 | $1,564+115.7% | $2,420+39.4% | $2,755+22.4% |
| Participant deferral / active EE | $0 | $4,034-100.0% | $4,411-100.0% | $4,296-100.0% |
| Admin fee / account holder | $1,657 | $6,945-76.1% | $8,285-80.0% | $6,918-76.1% |