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 | $230,935 | $91,552+152.2% | $133,956+72.4% | $79,858+189.2% |
| Participation rate | 90.6% | 73.3%+17.3pp | 79.8%+10.8pp | 69.6%+21.0pp |
| Annual return | 21.25% | 61.85%-40.6pp | 45.09%-23.8pp | 31.71%-10.5pp |
| Employer contribution / active EE | $8,335 | $2,384+249.7% | $3,919+112.7% | $2,471+237.3% |
| Participant deferral / active EE | $8,103 | $3,733+117.0% | $5,048+60.5% | $3,740+116.7% |
| Admin fee / account holder | $6,223 | $6,321-1.6% | $8,927-30.3% | $5,306+17.3% |