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 | $160,866 | $89,355+80.0% | $141,162+14.0% | $72,985+120.4% |
| Participation rate | 91.5% | 75.1%+16.4pp | 82.5%+9.0pp | 69.5%+22.0pp |
| Annual return | 29.58% | 111.85%-82.3pp | 71.39%-41.8pp | 81.00%-51.4pp |
| Employer contribution / active EE | $3,856 | $3,114+23.8% | $4,735-18.6% | $2,440+58.0% |
| Participant deferral / active EE | $8,149 | $5,418+50.4% | $6,709+21.5% | $3,607+125.9% |
| Admin fee / account holder | $11,809 | $5,958+98.2% | $10,261+15.1% | $5,124+130.5% |