Filed June 20, 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 | $119,598 | $73,787+62.1% | $98,716+21.2% | $82,448+45.1% |
| Participation rate | 88.4% | 61.4%+27.0pp | 69.3%+19.1pp | 68.1%+20.3pp |
| Annual return | 17.25% | 18.57%-1.3pp | 31.81%-14.6pp | 41.64%-24.4pp |
| Employer contribution / active EE | $3,368 | $1,511+122.8% | $2,279+47.8% | $2,551+32.0% |
| Participant deferral / active EE | $7,628 | $3,081+147.5% | $4,048+88.4% | $4,139+84.3% |
| Admin fee / account holder | $4,074 | $6,500-37.3% | $8,703-53.2% | $7,234-43.7% |