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 | $87,024 | $123,793-29.7% | $177,821-51.1% | $79,858+9.0% |
| Participation rate | 83.6% | 84.7%-1.1pp | 87.7%-4.2pp | 69.6%+13.9pp |
| Annual return | 19.11% | 22.82%-3.7pp | 48.32%-29.2pp | 31.71%-12.6pp |
| Employer contribution / active EE | $1,177 | $4,095-71.3% | $5,918-80.1% | $2,471-52.4% |
| Participant deferral / active EE | $3,502 | $5,956-41.2% | $7,714-54.6% | $3,740-6.4% |
| Admin fee / account holder | $1,770 | $7,243-75.6% | $12,427-85.8% | $5,306-66.6% |