Filed June 5, 2023
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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,228 | $185,822-77.8% | $169,993-75.7% | $139,434-70.4% |
| Participation rate | 100.0% | 87.8%+12.2pp | 87.0%+13.0pp | 80.3%+19.7pp |
| Annual return | 86.30% | 60.50%+25.8pp | 53.37%+32.9pp | 372.94%-286.6pp |
| Employer contribution / active EE | $5,262 | $7,590-30.7% | $6,785-22.4% | $4,751+10.8% |
| Participant deferral / active EE | $2,456 | $11,622-78.9% | $10,408-76.4% | $6,710-63.4% |
| Admin fee / account holder | $1,430 | $15,381-90.7% | $12,815-88.8% | $11,403-87.5% |