Filed March 13, 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 7-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 | $94,344 | $88,707+6.4% | $74,183+27.2% | $273,961-65.6% |
| Participation rate | 100.0% | 79.4%+20.6pp | 76.6%+23.4pp | 83.0%+17.0pp |
| Annual return | 6.72% | 11.94%-5.2pp | 17.74%-11.0pp | 41.45%-34.7pp |
| Employer contribution / active EE | $2,795 | $3,159-11.5% | $2,370+17.9% | $4,869-42.6% |
| Participant deferral / active EE | $4,039 | $4,212-4.1% | $3,550+13.8% | $5,287-23.6% |
| Admin fee / account holder | $714 | $8,717-91.8% | $5,586-87.2% | $10,132-93.0% |