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 | $103,963 | $125,758-17.3% | $169,993-38.8% | $75,163+38.3% |
| Participation rate | 97.5% | 83.6%+13.9pp | 87.0%+10.5pp | 67.2%+30.3pp |
| Annual return | 15.89% | 27.20%-11.3pp | 53.37%-37.5pp | 160.62%-144.7pp |
| Employer contribution / active EE | $3,278 | $4,615-29.0% | $6,785-51.7% | $2,670+22.8% |
| Participant deferral / active EE | $2,668 | $6,837-61.0% | $10,408-74.4% | $4,125-35.3% |
| Admin fee / account holder | $12,779 | $8,173+56.3% | $12,815-0.3% | $5,651+126.1% |