Filed February 7, 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 | $30,007 | $79,944-62.5% | $98,439-69.5% | $75,163-60.1% |
| Participation rate | 89.3% | 70.4%+18.9pp | 75.2%+14.1pp | 67.2%+22.1pp |
| Annual return | 29.31% | 19.75%+9.6pp | 21.16%+8.2pp | 160.62%-131.3pp |
| Employer contribution / active EE | $3,608 | $2,264+59.4% | $3,048+18.4% | $2,670+35.2% |
| Participant deferral / active EE | $6,229 | $3,752+66.0% | $4,738+31.5% | $4,125+51.0% |
| Admin fee / account holder | $5,996 | $6,840-12.3% | $8,948-33.0% | $5,651+6.1% |