Filed January 23, 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 | $114,651 | $176,812-35.2% | $146,665-21.8% | $167,490-31.5% |
| Participation rate | 90.9% | 83.6%+7.3pp | 80.1%+10.8pp | 82.1%+8.8pp |
| Annual return | 10.16% | 24.03%-13.9pp | 22.74%-12.6pp | 478.56%-468.4pp |
| Employer contribution / active EE | $2,788 | $5,160-46.0% | $4,136-32.6% | $4,837-42.4% |
| Participant deferral / active EE | $4,918 | $6,440-23.6% | $5,506-10.7% | $6,341-22.4% |
| Admin fee / account holder | $1,224 | $13,259-90.8% | $10,280-88.1% | $12,309-90.1% |