Filed April 13, 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.
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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,198 | $110,094-57.1% | $151,611-68.9% | $68,494-31.1% |
| Participation rate | 89.4% | 84.0%+5.4pp | 87.5%+1.9pp | 67.9%+21.5pp |
| Annual return | -20.82% | -10.12%-10.7pp | 3.33%-24.2pp | -7.84%-13.0pp |
| Employer contribution / active EE | $3,605 | $4,471-19.4% | $6,166-41.5% | $2,596+38.8% |
| Participant deferral / active EE | $1,316 | $6,527-79.8% | $8,363-84.3% | $4,027-67.3% |
| Admin fee / account holder | $5,202 | $7,719-32.6% | $11,616-55.2% | $5,403-3.7% |