Filed February 8, 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 | $62,481 | $46,732+33.7% | $156,549-60.1% | $55,167+13.3% |
| Participation rate | 100.0% | 65.8%+34.2pp | 84.0%+16.0pp | 69.0%+31.0pp |
| Annual return | 8.40% | 17.72%-9.3pp | 32.23%-23.8pp | 169.23%-160.8pp |
| Employer contribution / active EE | $3,259 | $2,105+54.8% | $5,501-40.8% | $1,963+66.1% |
| Participant deferral / active EE | $1,992 | $2,204-9.6% | $4,871-59.1% | $3,054-34.8% |
| Admin fee / account holder | $2,041 | $418+387.9% | $13,027-84.3% | $504+305.1% |