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 | $159,913 | $72,404+120.9% | $110,238+45.1% | $64,186+149.1% |
| Participation rate | 96.8% | 73.3%+23.4pp | 79.8%+17.0pp | 69.6%+27.2pp |
| Annual return | 3.13% | -6.29%+9.4pp | 314.74%-311.6pp | 7.63%-4.5pp |
| Employer contribution / active EE | $4,203 | $2,282+84.2% | $3,826+9.8% | $2,381+76.5% |
| Participant deferral / active EE | $8,406 | $3,469+142.3% | $4,672+79.9% | $3,470+142.3% |
| Admin fee / account holder | $8,077 | $5,664+42.6% | $8,547-5.5% | $4,888+65.2% |