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 | $70,740 | $43,723+61.8% | $121,196-41.6% | $64,186+10.2% |
| Participation rate | 80.0% | 58.3%+21.7pp | 71.7%+8.3pp | 69.6%+10.4pp |
| Annual return | -6.15% | 68.91%-75.1pp | 16.93%-23.1pp | 7.63%-13.8pp |
| Employer contribution / active EE | $1,282 | $1,296-1.1% | $4,022-68.1% | $2,381-46.2% |
| Participant deferral / active EE | $3,508 | $2,280+53.9% | $3,344+4.9% | $3,470+1.1% |
| Admin fee / account holder | $24,734 | $3,501+606.5% | $5,019+392.8% | $4,888+406.0% |