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 | $74,927+59.6% | $101,794+17.5% | $84,808+41.0% |
| Participation rate | 88.4% | 61.4%+27.0pp | 69.2%+19.2pp | 68.3%+20.1pp |
| Annual return | 17.25% | 18.70%-1.5pp | 30.53%-13.3pp | 40.90%-23.6pp |
| Employer contribution / active EE | $3,368 | $1,522+121.3% | $2,289+47.1% | $2,631+28.0% |
| Participant deferral / active EE | $7,628 | $3,099+146.1% | $4,084+86.8% | $4,212+81.1% |
| Admin fee / account holder | $4,074 | $6,514-37.5% | $8,777-53.6% | $7,344-44.5% |