Filed November 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.
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 | $60,871 | $94,529-35.6% | $140,016-56.5% | $64,186-5.2% |
| Participation rate | 97.6% | 84.1%+13.5pp | 87.5%+10.1pp | 69.6%+28.0pp |
| Annual return | -7.74% | 7.77%-15.5pp | 651.12%-658.9pp | 7.63%-15.4pp |
| Employer contribution / active EE | $4,019 | $3,812+5.4% | $5,606-28.3% | $2,381+68.8% |
| Participant deferral / active EE | $1,622 | $5,250-69.1% | $6,927-76.6% | $3,470-53.2% |
| Admin fee / account holder | $485 | $6,741-92.8% | $10,705-95.5% | $4,888-90.1% |