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 | $88,672+11.7% | $105,223-5.9% | $82,448+20.1% |
| Participation rate | 81.6% | 67.9%+13.7pp | 75.0%+6.6pp | 68.1%+13.6pp |
| Annual return | 14.82% | 30.86%-16.0pp | 180.65%-165.8pp | 41.64%-26.8pp |
| Employer contribution / active EE | $585 | $3,048-80.8% | $3,689-84.1% | $2,551-77.1% |
| Participant deferral / active EE | $5,478 | $4,036+35.7% | $5,072+8.0% | $4,139+32.3% |
| Admin fee / account holder | $905 | $7,146-87.3% | $8,859-89.8% | $7,234-87.5% |