Filed March 14, 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 | $89,975 | $86,929+3.5% | $102,423-12.2% | $80,856+11.3% |
| Participation rate | 70.1% | 72.4%-2.2pp | 76.5%-6.4pp | 67.6%+2.5pp |
| Annual return | 12.10% | 18.88%-6.8pp | 29.32%-17.2pp | 35.59%-23.5pp |
| Employer contribution / active EE | $2,326 | $2,369-1.8% | $3,023-23.1% | $2,755-15.6% |
| Participant deferral / active EE | $4,691 | $4,118+13.9% | $5,053-7.2% | $4,296+9.2% |
| Admin fee / account holder | $8,058 | $8,049+0.1% | $9,451-14.7% | $6,918+16.5% |