Filed August 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 5-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 | $164,805 | $65,409+152.0% | $98,442+67.4% | $85,850+92.0% |
| Participation rate | 100.0% | 65.0%+35.0pp | 73.3%+26.7pp | 69.3%+30.7pp |
| Annual return | 16.85% | 21.76%-4.9pp | 1492.73%-1475.9pp | 318.53%-301.7pp |
| Employer contribution / active EE | $25,403 | $2,168+1071.9% | $2,960+758.3% | $2,565+890.3% |
| Participant deferral / active EE | $11,785 | $3,166+272.2% | $4,276+175.6% | $3,952+198.2% |
| Admin fee / account holder | $3,522 | $4,593-23.3% | $5,949-40.8% | $6,260-43.7% |