Filed February 23, 2023 (most recent of 2 filings on file)
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.
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 | $25,996 | $138,347-81.2% | $184,203-85.9% | $80,856-67.8% |
| Participation rate | 82.4% | 83.9%-1.4pp | 86.8%-4.4pp | 67.6%+14.8pp |
| Annual return | 12.88% | 20.02%-7.1pp | 28.81%-15.9pp | 35.59%-22.7pp |
| Employer contribution / active EE | $996 | $4,850-79.5% | $6,427-84.5% | $2,755-63.8% |
| Participant deferral / active EE | $2,064 | $7,071-70.8% | $9,131-77.4% | $4,296-52.0% |
| Admin fee / account holder | $2,108 | $10,483-79.9% | $13,901-84.8% | $6,918-69.5% |