Filed August 29, 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 | $36,567 | $82,032-55.4% | $123,104-70.3% | $59,632-38.7% |
| Participation rate | 86.3% | 83.2%+3.1pp | 86.8%-0.5pp | 68.7%+17.6pp |
| Annual return | -1.09% | 5.12%-6.2pp | 13.22%-14.3pp | 2041.28%-2042.4pp |
| Employer contribution / active EE | $0 | $3,297-100.0% | $5,151-100.0% | $2,203-100.0% |
| Participant deferral / active EE | $4,850 | $4,667+3.9% | $6,230-22.1% | $3,192+52.0% |
| Admin fee / account holder | $1,536 | $5,881-73.9% | $9,015-83.0% | $4,297-64.3% |