Filed August 17, 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.
Participant 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $58,877 | $94,529-37.7% | $140,016-57.9% | $64,186-8.3% |
| Participation rate | 96.2% | 84.1%+12.1pp | 87.5%+8.7pp | 69.6%+26.6pp |
| Annual return | -4.37% | 7.77%-12.1pp | 651.12%-655.5pp | 7.63%-12.0pp |
| Employer contribution / active EE | $5,757 | $3,812+51.0% | $5,606+2.7% | $2,381+141.8% |
| Participant deferral / active EE | $1,383 | $5,250-73.7% | $6,927-80.0% | $3,470-60.1% |
| Admin fee / account holder | $9,648 | $6,741+43.1% | $10,705-9.9% | $4,888+97.4% |