Filed November 2, 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 | $121,959 | $56,897+114.4% | $84,750+43.9% | $62,891+93.9% |
| Participation rate | 100.0% | 68.5%+31.5pp | 76.6%+23.4pp | 69.3%+30.7pp |
| Annual return | 6.04% | 6.30%-0.3pp | 22.78%-16.7pp | 20.14%-14.1pp |
| Employer contribution / active EE | $6,186 | $2,400+157.8% | $3,574+73.1% | $2,281+171.2% |
| Participant deferral / active EE | $4,559 | $2,709+68.3% | $3,712+22.8% | $3,203+42.3% |
| Admin fee / account holder | $1,350 | $3,581-62.3% | $5,332-74.7% | $4,296-68.6% |