Filed May 10, 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.
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 | $31,655 | $171,865-81.6% | $149,718-78.9% | $147,584-78.6% |
| Participation rate | 73.3% | 88.2%-14.9pp | 87.1%-13.7pp | 82.8%-9.5pp |
| Annual return | 21.33% | 2113.22%-2091.9pp | 1501.63%-1480.3pp | 578.55%-557.2pp |
| Employer contribution / active EE | $2,315 | $6,275-63.1% | $5,445-57.5% | $4,876-52.5% |
| Participant deferral / active EE | $5,822 | $7,271-19.9% | $6,569-11.4% | $5,439+7.0% |
| Admin fee / account holder | $7,976 | $13,799-42.2% | $11,283-29.3% | $10,885-26.7% |