Filed March 14, 2024
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 | $18,875 | $65,561-71.2% | $91,541-79.4% | $74,304-74.6% |
| Participation rate | 99.1% | 56.6%+42.5pp | 69.8%+29.4pp | 60.3%+38.8pp |
| Annual return | 27.66% | 17.68%+10.0pp | 20.50%+7.2pp | 29.43%-1.8pp |
| Employer contribution / active EE | $1,564 | $1,717-8.9% | $2,505-37.5% | $2,241-30.2% |
| Participant deferral / active EE | $3,356 | $2,918+15.0% | $4,008-16.3% | $3,767-10.9% |
| Admin fee / account holder | $1,382 | $3,333-58.5% | $6,956-80.1% | $2,969-53.5% |