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 | $110,379 | $138,347-20.2% | $184,203-40.1% | $80,856+36.5% |
| Participation rate | 95.2% | 83.9%+11.4pp | 86.8%+8.4pp | 67.6%+27.6pp |
| Annual return | 14.15% | 20.02%-5.9pp | 28.81%-14.7pp | 35.59%-21.4pp |
| Employer contribution / active EE | $4,172 | $4,850-14.0% | $6,427-35.1% | $2,755+51.4% |
| Participant deferral / active EE | $2,243 | $7,071-68.3% | $9,131-75.4% | $4,296-47.8% |
| Admin fee / account holder | $9,791 | $10,483-6.6% | $13,901-29.6% | $6,918+41.5% |