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 | $37,232 | $94,529-60.6% | $140,016-73.4% | $64,186-42.0% |
| Participation rate | 98.1% | 84.1%+14.0pp | 87.5%+10.6pp | 69.6%+28.5pp |
| Annual return | -6.15% | 7.77%-13.9pp | 651.12%-657.3pp | 7.63%-13.8pp |
| Employer contribution / active EE | $0 | $3,812-100.0% | $5,606-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $5,799 | $5,250+10.5% | $6,927-16.3% | $3,470+67.1% |
| Admin fee / account holder | $4,416 | $6,741-34.5% | $10,705-58.8% | $4,888-9.7% |