Filed December 18, 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.
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 | $8,306 | $48,274-82.8% | $63,517-86.9% | $59,632-86.1% |
| Participation rate | 81.7% | 66.3%+15.4pp | 71.0%+10.7pp | 68.7%+13.0pp |
| Annual return | -4.16% | -240.79%+236.6pp | -70.30%+66.1pp | 2041.28%-2045.4pp |
| Employer contribution / active EE | $2,144 | $1,586+35.2% | $2,322-7.7% | $2,203-2.6% |
| Participant deferral / active EE | $2,683 | $2,343+14.5% | $2,953-9.1% | $3,192-15.9% |
| Admin fee / account holder | $529 | $3,600-85.3% | $5,892-91.0% | $4,297-87.7% |