Filed April 18, 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 | $89,929 | $76,552+17.5% | $123,892-27.4% | $62,891+43.0% |
| Participation rate | 92.3% | 73.0%+19.3pp | 81.4%+10.9pp | 69.3%+23.0pp |
| Annual return | 11.85% | 18.68%-6.8pp | 47.52%-35.7pp | 20.14%-8.3pp |
| Employer contribution / active EE | $3,680 | $2,883+27.7% | $4,617-20.3% | $2,281+61.4% |
| Participant deferral / active EE | $4,998 | $4,840+3.3% | $5,984-16.5% | $3,203+56.1% |
| Admin fee / account holder | $1,019 | $4,826-78.9% | $8,357-87.8% | $4,296-76.3% |