Filed February 27, 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.
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 | $15,315 | $91,552-83.3% | $133,956-88.6% | $79,858-80.8% |
| Participation rate | 85.9% | 73.3%+12.6pp | 79.8%+6.1pp | 69.6%+16.3pp |
| Annual return | 17.14% | 61.85%-44.7pp | 45.09%-28.0pp | 31.71%-14.6pp |
| Employer contribution / active EE | $436 | $2,384-81.7% | $3,919-88.9% | $2,471-82.4% |
| Participant deferral / active EE | $2,393 | $3,733-35.9% | $5,048-52.6% | $3,740-36.0% |
| Admin fee / account holder | $953 | $6,321-84.9% | $8,927-89.3% | $5,306-82.0% |