Filed February 8, 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $94,225 | $99,020-4.8% | $86,590+8.8% | $147,584-36.2% |
| Participation rate | 93.8% | 76.3%+17.4pp | 73.5%+20.2pp | 82.8%+10.9pp |
| Annual return | 12.54% | 1312.34%-1299.8pp | 964.84%-952.3pp | 578.55%-566.0pp |
| Employer contribution / active EE | $5,999 | $3,132+91.5% | $2,839+111.3% | $4,876+23.0% |
| Participant deferral / active EE | $4,283 | $3,972+7.8% | $3,609+18.7% | $5,439-21.3% |
| Admin fee / account holder | $41,251 | $5,710+622.4% | $4,906+740.9% | $10,885+279.0% |