Filed May 6, 2021
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 5-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 | $31,454 | $76,407-58.8% | $150,298-79.1% | $82,448-61.8% |
| Participation rate | 88.9% | 66.4%+22.5pp | 77.8%+11.1pp | 68.1%+20.8pp |
| Annual return | 15.43% | 39.99%-24.6pp | 62.79%-47.4pp | 41.64%-26.2pp |
| Employer contribution / active EE | $1,105 | $2,614-57.7% | $4,154-73.4% | $2,551-56.7% |
| Participant deferral / active EE | $1,847 | $3,214-42.5% | $5,453-66.1% | $4,139-55.4% |
| Admin fee / account holder | $5,089 | $6,352-19.9% | $14,116-63.9% | $7,234-29.7% |