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 | $62,475 | $110,094-43.3% | $151,611-58.8% | $68,494-8.8% |
| Participation rate | 78.1% | 84.0%-5.8pp | 87.5%-9.4pp | 67.9%+10.2pp |
| Annual return | -7.43% | -10.12%+2.7pp | 3.33%-10.8pp | -7.84%+0.4pp |
| Employer contribution / active EE | $1,314 | $4,471-70.6% | $6,166-78.7% | $2,596-49.4% |
| Participant deferral / active EE | $3,473 | $6,527-46.8% | $8,363-58.5% | $4,027-13.8% |
| Admin fee / account holder | $3,272 | $7,719-57.6% | $11,616-71.8% | $5,403-39.4% |