Filed July 28, 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 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 | $71,814 | $148,978-51.8% | $200,582-64.2% | $84,808-15.3% |
| Participation rate | 84.8% | 84.2%+0.6pp | 86.9%-2.0pp | 68.3%+16.5pp |
| Annual return | 14.34% | 28.16%-13.8pp | 42.33%-28.0pp | 40.90%-26.6pp |
| Employer contribution / active EE | $2,024 | $4,815-58.0% | $6,419-68.5% | $2,631-23.1% |
| Participant deferral / active EE | $5,762 | $7,142-19.3% | $9,331-38.3% | $4,212+36.8% |
| Admin fee / account holder | $1,620 | $13,977-88.4% | $16,305-90.1% | $7,344-77.9% |