Filed August 29, 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 | $41,574 | $110,094-62.2% | $151,611-72.6% | $68,494-39.3% |
| Participation rate | 94.5% | 84.0%+10.6pp | 87.5%+7.0pp | 67.9%+26.6pp |
| Annual return | -17.95% | -10.12%-7.8pp | 3.33%-21.3pp | -7.84%-10.1pp |
| Employer contribution / active EE | $0 | $4,471-100.0% | $6,166-100.0% | $2,596-100.0% |
| Participant deferral / active EE | $5,692 | $6,527-12.8% | $8,363-31.9% | $4,027+41.4% |
| Admin fee / account holder | $4,582 | $7,719-40.6% | $11,616-60.6% | $5,403-15.2% |