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.
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 | $75,552 | $109,359-30.9% | $162,163-53.4% | $72,985+3.5% |
| Participation rate | 80.0% | 84.3%-4.3pp | 87.6%-7.6pp | 69.5%+10.5pp |
| Annual return | 19.21% | 25.46%-6.2pp | 115.59%-96.4pp | 81.00%-61.8pp |
| Employer contribution / active EE | $1,138 | $3,907-70.9% | $5,614-79.7% | $2,440-53.3% |
| Participant deferral / active EE | $3,043 | $5,481-44.5% | $7,298-58.3% | $3,607-15.6% |
| Admin fee / account holder | $7,153 | $7,972-10.3% | $10,843-34.0% | $5,124+39.6% |