Filed August 28, 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 | $164,756 | $78,705+109.3% | $117,854+39.8% | $70,131+134.9% |
| Participation rate | 93.8% | 73.2%+20.6pp | 79.7%+14.1pp | 69.5%+24.2pp |
| Annual return | 18.17% | 23.30%-5.1pp | 335.08%-316.9pp | 73.14%-55.0pp |
| Employer contribution / active EE | $21,569 | $2,223+870.1% | $3,786+469.7% | $2,342+820.8% |
| Participant deferral / active EE | $8,126 | $3,297+146.4% | $4,482+81.3% | $3,332+143.9% |
| Admin fee / account holder | $14,709 | $5,065+190.4% | $8,020+83.4% | $4,645+216.6% |