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 | $57,860 | $59,107-2.1% | $86,436-33.1% | $68,494-15.5% |
| Participation rate | 74.0% | 75.2%-1.3pp | 80.3%-6.4pp | 67.9%+6.1pp |
| Annual return | -15.16% | -0.23%-14.9pp | 4394.89%-4410.1pp | -7.84%-7.3pp |
| Employer contribution / active EE | $150 | $2,519-94.1% | $3,769-96.0% | $2,596-94.2% |
| Participant deferral / active EE | $3,544 | $5,901-39.9% | $6,952-49.0% | $4,027-12.0% |
| Admin fee / account holder | $19,396 | $5,637+244.1% | $6,731+188.2% | $5,403+259.0% |