Filed August 11, 2020
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 | $14,522 | $90,503-84.0% | $78,689-81.5% | $273,961-94.7% |
| Participation rate | 75.0% | 76.5%-1.5pp | 73.6%+1.4pp | 83.0%-8.0pp |
| Annual return | 11.09% | 75.60%-64.5pp | 62.18%-51.1pp | 41.45%-30.4pp |
| Employer contribution / active EE | $5,231 | $3,176+64.7% | $2,851+83.5% | $4,869+7.4% |
| Participant deferral / active EE | $3,503 | $3,901-10.2% | $3,517-0.4% | $5,287-33.8% |
| Admin fee / account holder | $3,800 | $5,263-27.8% | $4,510-15.8% | $10,132-62.5% |