Filed October 27, 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 | $163,067 | $95,803+70.2% | $113,168+44.1% | $84,808+92.3% |
| Participation rate | 94.5% | 72.9%+21.7pp | 76.6%+18.0pp | 68.3%+26.2pp |
| Annual return | 17.26% | 25.00%-7.7pp | 24.27%-7.0pp | 40.90%-23.6pp |
| Employer contribution / active EE | $2,305 | $2,360-2.3% | $2,975-22.5% | $2,631-12.4% |
| Participant deferral / active EE | $8,993 | $4,242+112.0% | $5,107+76.1% | $4,212+113.5% |
| Admin fee / account holder | $22,828 | $8,989+154.0% | $12,068+89.2% | $7,344+210.8% |