Filed May 10, 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 | $34,635 | $153,772-77.5% | $133,980-74.1% | $273,961-87.4% |
| Participation rate | 83.3% | 88.4%-5.0pp | 87.1%-3.7pp | 83.0%+0.3pp |
| Annual return | 9.11% | 36.51%-27.4pp | 29.30%-20.2pp | 41.45%-32.3pp |
| Employer contribution / active EE | $2,996 | $6,029-50.3% | $5,211-42.5% | $4,869-38.5% |
| Participant deferral / active EE | $6,048 | $6,958-13.1% | $6,282-3.7% | $5,287+14.4% |
| Admin fee / account holder | $1,630 | $11,765-86.1% | $9,324-82.5% | $10,132-83.9% |