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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $73,824 | $109,359-32.5% | $162,163-54.5% | $72,985+1.1% |
| Participation rate | 100.0% | 84.3%+15.7pp | 87.6%+12.4pp | 69.5%+30.5pp |
| Annual return | 18.99% | 25.46%-6.5pp | 115.59%-96.6pp | 81.00%-62.0pp |
| Employer contribution / active EE | $2,927 | $3,907-25.1% | $5,614-47.9% | $2,440+20.0% |
| Participant deferral / active EE | $1,836 | $5,481-66.5% | $7,298-74.8% | $3,607-49.1% |
| Admin fee / account holder | $3,126 | $7,972-60.8% | $10,843-71.2% | $5,124-39.0% |