Filed August 3, 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.
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 | $26,804 | $65,409-59.0% | $98,442-72.8% | $85,850-68.8% |
| Participation rate | 82.1% | 65.0%+17.1pp | 73.3%+8.8pp | 69.3%+12.8pp |
| Annual return | 9.69% | 21.76%-12.1pp | 1492.73%-1483.0pp | 318.53%-308.8pp |
| Employer contribution / active EE | $1,827 | $2,168-15.7% | $2,960-38.3% | $2,565-28.8% |
| Participant deferral / active EE | $3,704 | $3,166+17.0% | $4,276-13.4% | $3,952-6.3% |
| Admin fee / account holder | $9,091 | $4,593+97.9% | $5,949+52.8% | $6,260+45.2% |