Filed August 21, 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 8-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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $55,301 | $89,355-38.1% | $141,162-60.8% | $72,985-24.2% |
| Participation rate | 80.8% | 75.1%+5.7pp | 82.5%-1.7pp | 69.5%+11.3pp |
| Annual return | 18.09% | 111.85%-93.8pp | 71.39%-53.3pp | 81.00%-62.9pp |
| Employer contribution / active EE | $2,778 | $3,114-10.8% | $4,735-41.3% | $2,440+13.9% |
| Participant deferral / active EE | $6,755 | $5,418+24.7% | $6,709+0.7% | $3,607+87.3% |
| Admin fee / account holder | $13,991 | $5,958+134.8% | $10,261+36.3% | $5,124+173.0% |