Filed October 10, 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 7-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.)
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 | $5,295 | $52,279-89.9% | $89,391-94.1% | $79,858-93.4% |
| Participation rate | 72.9% | 57.5%+15.4pp | 68.0%+4.9pp | 69.6%+3.3pp |
| Annual return | 22.22% | 22.16%+0.1pp | 245.62%-223.4pp | 31.71%-9.5pp |
| Employer contribution / active EE | $6 | $1,572-99.6% | $2,586-99.8% | $2,471-99.7% |
| Participant deferral / active EE | $1,736 | $2,740-36.7% | $3,890-55.4% | $3,740-53.6% |
| Admin fee / account holder | $497 | $3,356-85.2% | $4,881-89.8% | $5,306-90.6% |