Filed June 7, 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 | $87,200 | $89,753-2.8% | $107,525-18.9% | $84,808+2.8% |
| Participation rate | 100.0% | 68.1%+31.9pp | 75.1%+24.9pp | 68.3%+31.7pp |
| Annual return | 16.83% | 29.48%-12.6pp | 181.32%-164.5pp | 40.90%-24.1pp |
| Employer contribution / active EE | $10,877 | $3,113+249.3% | $3,754+189.8% | $2,631+313.4% |
| Participant deferral / active EE | $9,062 | $4,056+123.4% | $5,116+77.1% | $4,212+115.2% |
| Admin fee / account holder | $6,378 | $7,222-11.7% | $8,919-28.5% | $7,344-13.2% |