Filed October 19, 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 8-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.
Employer 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 | $24,504 | $84,233-70.9% | $170,442-85.6% | $70,131-65.1% |
| Participation rate | 100.0% | 70.8%+29.2pp | 83.6%+16.4pp | 69.5%+30.5pp |
| Annual return | 0.99% | 23.06%-22.1pp | 205.93%-204.9pp | 73.14%-72.1pp |
| Employer contribution / active EE | $23 | $3,387-99.3% | $5,433-99.6% | $2,342-99.0% |
| Participant deferral / active EE | $55 | $3,086-98.2% | $4,939-98.9% | $3,332-98.3% |
| Admin fee / account holder | $2,395 | $5,698-58.0% | $13,880-82.7% | $4,645-48.4% |