Filed January 4, 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 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.)
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 | $13,220 | $165,335-92.0% | $149,696-91.2% | $158,922-91.7% |
| Participation rate | 87.0% | 84.6%+2.4pp | 82.5%+4.5pp | 82.0%+5.0pp |
| Annual return | 64.04% | 348.15%-284.1pp | 276.60%-212.6pp | 302.83%-238.8pp |
| Employer contribution / active EE | $1,834 | $5,103-64.1% | $4,644-60.5% | $4,761-61.5% |
| Participant deferral / active EE | $5,832 | $7,181-18.8% | $6,842-14.8% | $5,982-2.5% |
| Admin fee / account holder | $449 | $10,807-95.8% | $9,309-95.2% | $11,246-96.0% |