Filed February 6, 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.
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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $102,033 | $201,259-49.3% | $184,200-44.6% | $145,959-30.1% |
| Participation rate | 87.5% | 87.5%0pp | 86.8%+0.7pp | 80.3%+7.2pp |
| Annual return | 12.83% | 28.98%-16.2pp | 28.80%-16.0pp | 561.95%-549.1pp |
| Employer contribution / active EE | $1,293 | $7,018-81.6% | $6,424-79.9% | $4,661-72.3% |
| Participant deferral / active EE | $8,692 | $9,806-11.4% | $9,132-4.8% | $6,689+30.0% |
| Admin fee / account holder | $10,555 | $16,372-35.5% | $13,907-24.1% | $13,398-21.2% |