Filed May 2, 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 | $153,086 | $123,793+23.7% | $177,821-13.9% | $79,858+91.7% |
| Participation rate | 76.4% | 84.7%-8.3pp | 87.7%-11.3pp | 69.6%+6.8pp |
| Annual return | 12.75% | 22.82%-10.1pp | 48.32%-35.6pp | 31.71%-19.0pp |
| Employer contribution / active EE | $2,000 | $4,095-51.2% | $5,918-66.2% | $2,471-19.0% |
| Participant deferral / active EE | $8,398 | $5,956+41.0% | $7,714+8.9% | $3,740+124.5% |
| Admin fee / account holder | $1,565 | $7,243-78.4% | $12,427-87.4% | $5,306-70.5% |