Filed May 26, 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 | $80,371 | $62,672+28.2% | $185,117-56.6% | $70,131+14.6% |
| Participation rate | 97.8% | 63.8%+34.0pp | 77.3%+20.5pp | 69.5%+28.2pp |
| Annual return | 13.34% | 40.79%-27.5pp | 40.50%-27.2pp | 73.14%-59.8pp |
| Employer contribution / active EE | $2,519 | $1,753+43.7% | $4,182-39.8% | $2,342+7.5% |
| Participant deferral / active EE | $6,727 | $3,272+105.6% | $5,045+33.3% | $3,332+101.9% |
| Admin fee / account holder | $12,838 | $3,932+226.5% | $8,159+57.3% | $4,645+176.4% |