Filed January 17, 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 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.
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 | $55,922 | $123,793-54.8% | $177,821-68.6% | $79,858-30.0% |
| Participation rate | 96.4% | 84.7%+11.8pp | 87.7%+8.7pp | 69.6%+26.8pp |
| Annual return | 8.14% | 22.82%-14.7pp | 48.32%-40.2pp | 31.71%-23.6pp |
| Employer contribution / active EE | $5,398 | $4,095+31.8% | $5,918-8.8% | $2,471+118.5% |
| Participant deferral / active EE | $3,990 | $5,956-33.0% | $7,714-48.3% | $3,740+6.7% |
| Admin fee / account holder | $3,040 | $7,243-58.0% | $12,427-75.5% | $5,306-42.7% |