Filed June 26, 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 3-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 | $69,462 | $49,173+41.3% | $121,098-42.6% | $75,163-7.6% |
| Participation rate | 88.5% | 55.4%+33.1pp | 69.5%+19.0pp | 67.2%+21.3pp |
| Annual return | 268.79% | 55.99%+212.8pp | 985.75%-717.0pp | 160.62%+108.2pp |
| Employer contribution / active EE | $12,724 | $1,546+723.2% | $4,164+205.6% | $2,670+376.6% |
| Participant deferral / active EE | $0 | $2,628-100.0% | $4,080-100.0% | $4,125-100.0% |
| Admin fee / account holder | $8,779 | $3,942+122.7% | $5,644+55.5% | $5,651+55.3% |