Filed January 10, 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $56,979 | $167,484-66.0% | $151,611-62.4% | $134,475-57.6% |
| Participation rate | 95.7% | 88.4%+7.3pp | 87.5%+8.2pp | 81.2%+14.4pp |
| Annual return | -16.94% | 7.80%-24.7pp | 3.33%-20.3pp | 417.96%-434.9pp |
| Employer contribution / active EE | $1,352 | $6,829-80.2% | $6,166-78.1% | $4,740-71.5% |
| Participant deferral / active EE | $4,212 | $8,986-53.1% | $8,363-49.6% | $6,400-34.2% |
| Admin fee / account holder | $4,226 | $13,783-69.3% | $11,616-63.6% | $11,426-63.0% |