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 | $95,689 | $148,978-35.8% | $200,582-52.3% | $84,808+12.8% |
| Participation rate | 94.2% | 84.2%+10.0pp | 86.9%+7.3pp | 68.3%+25.9pp |
| Annual return | 16.65% | 28.16%-11.5pp | 42.33%-25.7pp | 40.90%-24.2pp |
| Employer contribution / active EE | $2,130 | $4,815-55.8% | $6,419-66.8% | $2,631-19.0% |
| Participant deferral / active EE | $7,076 | $7,142-0.9% | $9,331-24.2% | $4,212+68.0% |
| Admin fee / account holder | $9,016 | $13,977-35.5% | $16,305-44.7% | $7,344+22.8% |