Filed August 9, 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 | $16,869 | $48,230-65.0% | $67,502-75.0% | $80,856-79.1% |
| Participation rate | 81.8% | 66.4%+15.4pp | 72.9%+8.9pp | 67.6%+14.2pp |
| Annual return | 10.65% | 18.28%-7.6pp | 3512.12%-3501.5pp | 35.59%-24.9pp |
| Employer contribution / active EE | $1,440 | $2,020-28.7% | $2,731-47.3% | $2,755-47.7% |
| Participant deferral / active EE | $0 | $2,924-100.0% | $4,000-100.0% | $4,296-100.0% |
| Admin fee / account holder | $338 | $3,681-90.8% | $3,998-91.5% | $6,918-95.1% |