Filed October 7, 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 | $17,402 | $41,981-58.5% | $63,412-72.6% | $59,632-70.8% |
| Participation rate | 80.0% | 60.3%+19.7pp | 67.1%+12.9pp | 68.7%+11.3pp |
| Annual return | 0.75% | 13.04%-12.3pp | 4.04%-3.3pp | 2041.28%-2040.5pp |
| Employer contribution / active EE | $392 | $1,287-69.6% | $1,814-78.4% | $2,203-82.2% |
| Participant deferral / active EE | $2,930 | $2,002+46.4% | $2,496+17.4% | $3,192-8.2% |
| Admin fee / account holder | $563 | $3,509-84.0% | $3,753-85.0% | $4,297-86.9% |