Filed April 13, 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 | $79,185 | $138,347-42.8% | $184,203-57.0% | $80,856-2.1% |
| Participation rate | 94.5% | 83.9%+10.6pp | 86.8%+7.7pp | 67.6%+26.9pp |
| Annual return | 19.77% | 20.02%-0.2pp | 28.81%-9.0pp | 35.59%-15.8pp |
| Employer contribution / active EE | $1,923 | $4,850-60.3% | $6,427-70.1% | $2,755-30.2% |
| Participant deferral / active EE | $5,756 | $7,071-18.6% | $9,131-37.0% | $4,296+34.0% |
| Admin fee / account holder | $12,470 | $10,483+18.9% | $13,901-10.3% | $6,918+80.3% |