Filed November 10, 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.
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 | $55,461 | $37,426+48.2% | $77,482-28.4% | $79,858-30.5% |
| Participation rate | 86.0% | 41.5%+44.5pp | 54.2%+31.9pp | 69.6%+16.4pp |
| Annual return | 9.85% | 39.70%-29.8pp | 54.79%-44.9pp | 31.71%-21.9pp |
| Employer contribution / active EE | $842 | $637+32.3% | $986-14.6% | $2,471-65.9% |
| Participant deferral / active EE | $6,063 | $1,260+381.2% | $1,861+225.8% | $3,740+62.1% |
| Admin fee / account holder | $26,877 | $2,504+973.4% | $2,858+840.5% | $5,306+406.5% |