Filed June 16, 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.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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.)
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 | $34,875 | $225,748-84.6% | $136,294-74.4% | - |
| Participation rate | 89.9% | 69.2%+20.7pp | 81.9%+8.0pp | - |
| Annual return | 0.00% | 13.52%-13.5pp | 5155.94%-5155.9pp | - |
| Employer contribution / active EE | $1,159 | $3,134-63.0% | $4,695-75.3% | - |
| Participant deferral / active EE | $2,078 | $4,803-56.7% | $6,247-66.7% | - |
| Admin fee / account holder | $2,679 | $10,864-75.3% | $9,243-71.0% | - |