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 | $47,623 | $48,364-1.5% | $71,796-33.7% | $62,891-24.3% |
| Participation rate | 80.0% | 60.6%+19.4pp | 69.1%+10.9pp | 69.3%+10.7pp |
| Annual return | 6.84% | 13.16%-6.3pp | 78.04%-71.2pp | 20.14%-13.3pp |
| Employer contribution / active EE | $1,014 | $1,042-2.6% | $1,924-47.3% | $2,281-55.5% |
| Participant deferral / active EE | $3,613 | $2,091+72.8% | $2,794+29.3% | $3,203+12.8% |
| Admin fee / account holder | $2,296 | $3,771-39.1% | $4,815-52.3% | $4,296-46.6% |