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 | $60,983 | $123,793-50.7% | $177,821-65.7% | $79,858-23.6% |
| Participation rate | 96.4% | 84.7%+11.8pp | 87.7%+8.7pp | 69.6%+26.8pp |
| Annual return | 16.03% | 22.82%-6.8pp | 48.32%-32.3pp | 31.71%-15.7pp |
| Employer contribution / active EE | $4,401 | $4,095+7.5% | $5,918-25.6% | $2,471+78.1% |
| Participant deferral / active EE | $1,117 | $5,956-81.3% | $7,714-85.5% | $3,740-70.1% |
| Admin fee / account holder | $22,154 | $7,243+205.9% | $12,427+78.3% | $5,306+317.5% |