Filed January 2, 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 3-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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $57,876 | $89,753-35.5% | $107,525-46.2% | $84,808-31.8% |
| Participation rate | 72.3% | 68.1%+4.3pp | 75.1%-2.7pp | 68.3%+4.0pp |
| Annual return | 17.60% | 29.48%-11.9pp | 181.32%-163.7pp | 40.90%-23.3pp |
| Employer contribution / active EE | $629 | $3,113-79.8% | $3,754-83.2% | $2,631-76.1% |
| Participant deferral / active EE | $3,558 | $4,056-12.3% | $5,116-30.5% | $4,212-15.5% |
| Admin fee / account holder | $4,856 | $7,222-32.8% | $8,919-45.6% | $7,344-33.9% |