Filed May 10, 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 | $73,488 | $48,076+52.9% | $78,689-6.6% | $62,891+16.8% |
| Participation rate | 85.4% | 65.2%+20.2pp | 73.6%+11.9pp | 69.3%+16.1pp |
| Annual return | 6.11% | 31.35%-25.2pp | 62.18%-56.1pp | 20.14%-14.0pp |
| Employer contribution / active EE | $1,700 | $2,015-15.6% | $2,851-40.4% | $2,281-25.5% |
| Participant deferral / active EE | $6,278 | $2,588+142.6% | $3,517+78.5% | $3,203+96.0% |
| Admin fee / account holder | $1,399 | $3,207-56.4% | $4,510-69.0% | $4,296-67.4% |