Filed June 7, 2023
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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $99,031 | $89,753+10.3% | $107,525-7.9% | $84,808+16.8% |
| Participation rate | 81.6% | 68.1%+13.6pp | 75.1%+6.6pp | 68.3%+13.3pp |
| Annual return | 14.82% | 29.48%-14.7pp | 181.32%-166.5pp | 40.90%-26.1pp |
| Employer contribution / active EE | $585 | $3,113-81.2% | $3,754-84.4% | $2,631-77.8% |
| Participant deferral / active EE | $5,478 | $4,056+35.0% | $5,116+7.1% | $4,212+30.1% |
| Admin fee / account holder | $905 | $7,222-87.5% | $8,919-89.9% | $7,344-87.7% |