Filed January 4, 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 6-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.)
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 | $11,860 | $125,758-90.6% | $169,993-93.0% | $75,163-84.2% |
| Participation rate | 77.1% | 83.6%-6.5pp | 87.0%-9.9pp | 67.2%+9.9pp |
| Annual return | 24.55% | 27.20%-2.6pp | 53.37%-28.8pp | 160.62%-136.1pp |
| Employer contribution / active EE | $2,284 | $4,615-50.5% | $6,785-66.3% | $2,670-14.5% |
| Participant deferral / active EE | $3,109 | $6,837-54.5% | $10,408-70.1% | $4,125-24.6% |
| Admin fee / account holder | $410 | $8,173-95.0% | $12,815-96.8% | $5,651-92.7% |