Filed May 31, 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 | $64,463 | $56,897+13.3% | $84,750-23.9% | $62,891+2.5% |
| Participation rate | 100.0% | 68.5%+31.5pp | 76.6%+23.4pp | 69.3%+30.7pp |
| Annual return | 5.29% | 6.30%-1.0pp | 22.78%-17.5pp | 20.14%-14.9pp |
| Employer contribution / active EE | $1,945 | $2,400-19.0% | $3,574-45.6% | $2,281-14.7% |
| Participant deferral / active EE | $6,316 | $2,709+133.1% | $3,712+70.2% | $3,203+97.2% |
| Admin fee / account holder | $8,090 | $3,581+125.9% | $5,332+51.7% | $4,296+88.3% |