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 | $115,280 | $51,576+123.5% | $129,207-10.8% | $80,856+42.6% |
| Participation rate | 88.0% | 57.0%+31.0pp | 69.6%+18.4pp | 67.6%+20.4pp |
| Annual return | 41.26% | 20.81%+20.5pp | 9417.33%-9376.1pp | 35.59%+5.7pp |
| Employer contribution / active EE | $13,569 | $1,584+756.8% | $4,153+226.7% | $2,755+392.6% |
| Participant deferral / active EE | $0 | $2,669-100.0% | $4,168-100.0% | $4,296-100.0% |
| Admin fee / account holder | $12,333 | $4,305+186.5% | $7,715+59.9% | $6,918+78.3% |