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 | $108,749 | $137,414-20.9% | $189,513-42.6% | $85,850+26.7% |
| Participation rate | 100.0% | 84.6%+15.4pp | 87.8%+12.2pp | 69.3%+30.7pp |
| Annual return | 13.33% | 38.14%-24.8pp | 555.15%-541.8pp | 318.53%-305.2pp |
| Employer contribution / active EE | $2,260 | $4,344-48.0% | $6,162-63.3% | $2,565-11.9% |
| Participant deferral / active EE | $2,129 | $6,260-66.0% | $8,221-74.1% | $3,952-46.1% |
| Admin fee / account holder | $6,206 | $8,630-28.1% | $12,045-48.5% | $6,260-0.9% |