Filed January 26, 2023 (most recent of 3 filings on file)
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 8-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.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $11,238 | $72,492-84.5% | $87,100-87.1% | $72,985-84.6% |
| Participation rate | 87.7% | 72.8%+14.9pp | 76.9%+10.8pp | 69.5%+18.2pp |
| Annual return | 44.27% | 24.46%+19.8pp | 28.19%+16.1pp | 81.00%-36.7pp |
| Employer contribution / active EE | $427 | $1,894-77.5% | $2,521-83.1% | $2,440-82.5% |
| Participant deferral / active EE | $835 | $3,270-74.5% | $4,049-79.4% | $3,607-76.9% |
| Admin fee / account holder | $582 | $5,055-88.5% | $7,497-92.2% | $5,124-88.6% |