Filed May 24, 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.
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 | $27,058 | $53,516-49.4% | $126,539-78.6% | $84,808-68.1% |
| Participation rate | 76.1% | 58.2%+17.8pp | 69.8%+6.3pp | 68.3%+7.8pp |
| Annual return | 23.04% | 58.34%-35.3pp | 425.95%-402.9pp | 40.90%-17.9pp |
| Employer contribution / active EE | $1,343 | $1,535-12.5% | $3,674-63.4% | $2,631-48.9% |
| Participant deferral / active EE | $2,996 | $2,671+12.2% | $4,083-26.6% | $4,212-28.9% |
| Admin fee / account holder | $1,328 | $4,497-70.5% | $6,065-78.1% | $7,344-81.9% |