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 | $43,435 | $185,822-76.6% | $169,993-74.4% | $139,434-68.8% |
| Participation rate | 95.5% | 87.8%+7.7pp | 87.0%+8.5pp | 80.3%+15.1pp |
| Annual return | 11.94% | 60.50%-48.6pp | 53.37%-41.4pp | 372.94%-361.0pp |
| Employer contribution / active EE | $1,169 | $7,590-84.6% | $6,785-82.8% | $4,751-75.4% |
| Participant deferral / active EE | $3,819 | $11,622-67.1% | $10,408-63.3% | $6,710-43.1% |
| Admin fee / account holder | $30,178 | $15,381+96.2% | $12,815+135.5% | $11,403+164.7% |