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 | $81,441 | $49,173+65.6% | $121,098-32.7% | $75,163+8.4% |
| Participation rate | 77.6% | 55.4%+22.2pp | 69.5%+8.1pp | 67.2%+10.4pp |
| Annual return | 6.79% | 55.99%-49.2pp | 985.75%-979.0pp | 160.62%-153.8pp |
| Employer contribution / active EE | $0 | $1,546-100.0% | $4,164-100.0% | $2,670-100.0% |
| Participant deferral / active EE | $5,489 | $2,628+108.9% | $4,080+34.6% | $4,125+33.1% |
| Admin fee / account holder | $34,650 | $3,942+779.1% | $5,644+513.9% | $5,651+513.2% |