Filed December 4, 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 4-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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $2,612 | $65,561-96.0% | $86,188-97.0% | $75,163-96.5% |
| Participation rate | 80.8% | 60.5%+20.3pp | 69.0%+11.8pp | 67.2%+13.6pp |
| Annual return | -187.83% | 46.05%-233.9pp | 1168.45%-1356.3pp | 160.62%-348.4pp |
| Employer contribution / active EE | $25,967 | $1,553+1572.5% | $2,380+991.0% | $2,670+872.6% |
| Participant deferral / active EE | $0 | $3,024-100.0% | $3,985-100.0% | $4,125-100.0% |
| Admin fee / account holder | $13,755 | $5,474+151.3% | $6,852+100.8% | $5,651+143.4% |