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 | $85,769 | $81,900+4.7% | $119,609-28.3% | $68,494+25.2% |
| Participation rate | 89.3% | 71.9%+17.4pp | 79.3%+10.0pp | 67.9%+21.4pp |
| Annual return | -14.05% | -23.82%+9.8pp | -14.97%+0.9pp | -7.84%-6.2pp |
| Employer contribution / active EE | $2,121 | $2,693-21.3% | $4,232-49.9% | $2,596-18.3% |
| Participant deferral / active EE | $2,180 | $4,148-47.4% | $5,602-61.1% | $4,027-45.9% |
| Admin fee / account holder | $4,074 | $6,582-38.1% | $10,323-60.5% | $5,403-24.6% |