Filed January 20, 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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,223 | $87,841-57.6% | $133,980-72.2% | $62,891-40.8% |
| Participation rate | 93.8% | 83.4%+10.4pp | 87.1%+6.7pp | 69.3%+24.4pp |
| Annual return | 0.25% | 12.05%-11.8pp | 29.30%-29.0pp | 20.14%-19.9pp |
| Employer contribution / active EE | $1,483 | $3,483-57.4% | $5,211-71.5% | $2,281-35.0% |
| Participant deferral / active EE | $1,820 | $4,812-62.2% | $6,282-71.0% | $3,203-43.2% |
| Admin fee / account holder | $5,675 | $5,371+5.7% | $9,324-39.1% | $4,296+32.1% |