Filed June 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 | $92,619 | $46,869+97.6% | $122,332-24.3% | $70,131+32.1% |
| Participation rate | 80.0% | 58.2%+21.8pp | 71.6%+8.4pp | 69.5%+10.5pp |
| Annual return | 16.36% | 24.22%-7.9pp | 30.27%-13.9pp | 73.14%-56.8pp |
| Employer contribution / active EE | $813 | $1,288-36.9% | $4,050-79.9% | $2,342-65.3% |
| Participant deferral / active EE | $2,909 | $2,166+34.3% | $3,287-11.5% | $3,332-12.7% |
| Admin fee / account holder | $12,058 | $3,322+262.9% | $5,478+120.1% | $4,645+159.6% |