Filed May 3, 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 | $30,930 | $60,349-48.7% | $74,183-58.3% | $62,891-50.8% |
| Participation rate | 97.9% | 72.7%+25.2pp | 76.6%+21.3pp | 69.3%+28.6pp |
| Annual return | 5.82% | 21.37%-15.5pp | 17.74%-11.9pp | 20.14%-14.3pp |
| Employer contribution / active EE | $2,552 | $1,680+51.9% | $2,370+7.7% | $2,281+11.9% |
| Participant deferral / active EE | $1,513 | $2,856-47.0% | $3,550-57.4% | $3,203-52.8% |
| Admin fee / account holder | $13,567 | $4,261+218.4% | $5,586+142.9% | $4,296+215.8% |