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 | $158,020 | $80,968+95.2% | $96,544+63.7% | $75,163+110.2% |
| Participation rate | 88.5% | 71.8%+16.7pp | 76.0%+12.5pp | 67.2%+21.3pp |
| Annual return | 16.09% | 27.06%-11.0pp | 25.84%-9.7pp | 160.62%-144.5pp |
| Employer contribution / active EE | $3,197 | $2,282+40.1% | $2,965+7.8% | $2,670+19.7% |
| Participant deferral / active EE | $6,743 | $3,928+71.7% | $4,851+39.0% | $4,125+63.5% |
| Admin fee / account holder | $2,002 | $6,724-70.2% | $8,252-75.7% | $5,651-64.6% |