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 | $26,588 | $58,208-54.3% | $81,812-67.5% | $80,856-67.1% |
| Participation rate | 73.6% | 63.4%+10.2pp | 72.3%+1.2pp | 67.6%+5.9pp |
| Annual return | 6.62% | 41.66%-35.0pp | 773.79%-767.2pp | 35.59%-29.0pp |
| Employer contribution / active EE | $317 | $2,340-86.5% | $2,912-89.1% | $2,755-88.5% |
| Participant deferral / active EE | $1,581 | $3,281-51.8% | $4,319-63.4% | $4,296-63.2% |
| Admin fee / account holder | $1,546 | $4,981-69.0% | $7,386-79.1% | $6,918-77.7% |