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 | $22,290 | $54,705-59.3% | $71,209-68.7% | $84,808-73.7% |
| Participation rate | 80.0% | 64.1%+15.9pp | 73.8%+6.2pp | 68.3%+11.7pp |
| Annual return | 9.61% | 35.90%-26.3pp | 282.51%-272.9pp | 40.90%-31.3pp |
| Employer contribution / active EE | $439 | $2,158-79.7% | $2,721-83.9% | $2,631-83.3% |
| Participant deferral / active EE | $1,973 | $3,030-34.9% | $4,175-52.7% | $4,212-53.1% |
| Admin fee / account holder | $6,419 | $4,863+32.0% | $5,349+20.0% | $7,344-12.6% |