Filed December 13, 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 | $11,561 | $43,075-73.2% | $74,583-84.5% | $62,891-81.6% |
| Participation rate | 80.0% | 58.1%+21.9pp | 68.1%+11.9pp | 69.3%+10.7pp |
| Annual return | 29.79% | 17.50%+12.3pp | 20.47%+9.3pp | 20.14%+9.6pp |
| Employer contribution / active EE | $2,303 | $1,498+53.8% | $2,525-8.8% | $2,281+1.0% |
| Participant deferral / active EE | $5,455 | $2,389+128.3% | $3,458+57.7% | $3,203+70.3% |
| Admin fee / account holder | $827 | $2,840-70.9% | $4,138-80.0% | $4,296-80.7% |