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 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.
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.)
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 | $22,089 | $168,632-86.9% | $147,614-85.0% | $125,391-82.4% |
| Participation rate | 100.0% | 88.8%+11.2pp | 84.6%+15.4pp | 83.2%+16.8pp |
| Annual return | 2.20% | 77.65%-75.4pp | 61.98%-59.8pp | 282.22%-280.0pp |
| Employer contribution / active EE | $209 | $6,252-96.7% | $5,564-96.2% | $4,866-95.7% |
| Participant deferral / active EE | $506 | $5,507-90.8% | $4,895-89.7% | $5,352-90.5% |
| Admin fee / account holder | $698 | $13,580-94.9% | $11,611-94.0% | $9,540-92.7% |