Filed January 16, 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 | $143,600 | $77,813+84.5% | $123,544+16.2% | $64,186+123.7% |
| Participation rate | 81.0% | 74.7%+6.2pp | 82.3%-1.3pp | 69.6%+11.4pp |
| Annual return | -6.62% | 12.48%-19.1pp | 119.20%-125.8pp | 7.63%-14.2pp |
| Employer contribution / active EE | $3,826 | $3,014+27.0% | $4,628-17.3% | $2,381+60.7% |
| Participant deferral / active EE | $7,768 | $5,240+48.2% | $6,426+20.9% | $3,470+123.9% |
| Admin fee / account holder | $1,556 | $5,519-71.8% | $9,284-83.2% | $4,888-68.2% |