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 | $47,719 | $69,977-31.8% | $108,579-56.1% | $62,891-24.1% |
| Participation rate | 76.8% | 72.9%+3.9pp | 79.6%-2.8pp | 69.3%+7.5pp |
| Annual return | 7.41% | 10.73%-3.3pp | -51.70%+59.1pp | 20.14%-12.7pp |
| Employer contribution / active EE | $0 | $2,135-100.0% | $3,758-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $3,092 | $3,165-2.3% | $4,311-28.3% | $3,203-3.5% |
| Admin fee / account holder | $6,781 | $5,076+33.6% | $7,645-11.3% | $4,296+57.9% |