Filed October 2, 2020
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 8-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 | $48,083 | $65,703-26.8% | $94,224-49.0% | $59,632-19.4% |
| Participation rate | 80.6% | 72.1%+8.5pp | 78.8%+1.9pp | 68.7%+12.0pp |
| Annual return | -1.99% | 5.22%-7.2pp | 10.68%-12.7pp | 2041.28%-2043.3pp |
| Employer contribution / active EE | $563 | $2,021-72.1% | $3,587-84.3% | $2,203-74.4% |
| Participant deferral / active EE | $3,308 | $3,143+5.3% | $4,320-23.4% | $3,192+3.6% |
| Admin fee / account holder | $484 | $4,264-88.6% | $6,269-92.3% | $4,297-88.7% |