Filed January 29, 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.
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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $84,287 | $70,475+19.6% | $100,516-16.1% | $79,858+5.5% |
| Participation rate | 72.9% | 73.7%-0.8pp | 79.4%-6.5pp | 69.6%+3.2pp |
| Annual return | 23.27% | 21.90%+1.4pp | 30.89%-7.6pp | 31.71%-8.4pp |
| Employer contribution / active EE | $134 | $2,165-93.8% | $3,418-96.1% | $2,471-94.6% |
| Participant deferral / active EE | $2,885 | $5,181-44.3% | $6,270-54.0% | $3,740-22.9% |
| Admin fee / account holder | $5,193 | $4,478+15.9% | $8,081-35.7% | $5,306-2.1% |