Filed June 28, 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.
Participant 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 | $187,007 | $87,841+112.9% | $133,980+39.6% | $62,891+197.4% |
| Participation rate | 96.7% | 83.4%+13.3pp | 87.1%+9.6pp | 69.3%+27.4pp |
| Annual return | 7.82% | 12.05%-4.2pp | 29.30%-21.5pp | 20.14%-12.3pp |
| Employer contribution / active EE | $7,526 | $3,483+116.1% | $5,211+44.4% | $2,281+229.9% |
| Participant deferral / active EE | $2,113 | $4,812-56.1% | $6,282-66.4% | $3,203-34.0% |
| Admin fee / account holder | $23,827 | $5,371+343.6% | $9,324+155.5% | $4,296+454.7% |