Filed February 12, 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.
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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $108,152 | $48,570+122.7% | $130,648-17.2% | $72,985+48.2% |
| Participation rate | 95.7% | 58.6%+37.1pp | 71.7%+23.9pp | 69.5%+26.2pp |
| Annual return | 1.33% | 38.63%-37.3pp | 1708.96%-1707.6pp | 81.00%-79.7pp |
| Employer contribution / active EE | $11 | $1,334-99.2% | $4,092-99.7% | $2,440-99.5% |
| Participant deferral / active EE | $5,444 | $2,384+128.4% | $3,603+51.1% | $3,607+50.9% |
| Admin fee / account holder | $899 | $3,549-74.7% | $5,464-83.6% | $5,124-82.5% |