Filed September 25, 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.
Employer 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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,250 | $135,952-85.8% | $123,892-84.5% | $273,961-93.0% |
| Participation rate | 71.4% | 84.1%-12.6pp | 81.4%-10.0pp | 83.0%-11.6pp |
| Annual return | 74.44% | 56.63%+17.8pp | 47.52%+26.9pp | 41.45%+33.0pp |
| Employer contribution / active EE | $364 | $5,170-93.0% | $4,617-92.1% | $4,869-92.5% |
| Participant deferral / active EE | $2,346 | $6,343-63.0% | $5,984-60.8% | $5,287-55.6% |
| Admin fee / account holder | $309 | $9,817-96.9% | $8,357-96.3% | $10,132-97.0% |