Filed April 11, 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 | $131,639 | $71,883+83.1% | $86,677+51.9% | $68,494+92.2% |
| Participation rate | 92.0% | 72.2%+19.8pp | 76.6%+15.4pp | 67.9%+24.1pp |
| Annual return | -14.90% | 3.52%-18.4pp | 35.91%-50.8pp | -7.84%-7.1pp |
| Employer contribution / active EE | $3,271 | $2,173+50.5% | $2,836+15.3% | $2,596+26.0% |
| Participant deferral / active EE | $7,181 | $3,779+90.1% | $4,656+54.3% | $4,027+78.3% |
| Admin fee / account holder | $25,418 | $6,112+315.9% | $7,493+239.2% | $5,403+370.5% |