Filed March 22, 2024
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.
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $69,429 | $82,523-15.9% | $115,752-40.0% | $70,131-1.0% |
| Participation rate | 97.6% | 74.0%+23.6pp | 77.8%+19.8pp | 69.5%+28.0pp |
| Annual return | 10.79% | 28.22%-17.4pp | 19.41%-8.6pp | 73.14%-62.4pp |
| Employer contribution / active EE | $3,016 | $2,758+9.3% | $3,492-13.6% | $2,342+28.7% |
| Participant deferral / active EE | $1,867 | $4,062-54.0% | $5,204-64.1% | $3,332-44.0% |
| Admin fee / account holder | $1,942 | $4,552-57.3% | $6,278-69.1% | $4,645-58.2% |