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 | $108,329 | $53,777+101.4% | $134,143-19.2% | $79,858+35.7% |
| Participation rate | 76.9% | 58.8%+18.2pp | 72.2%+4.7pp | 69.6%+7.3pp |
| Annual return | 14.32% | 19.01%-4.7pp | 36.33%-22.0pp | 31.71%-17.4pp |
| Employer contribution / active EE | $1,387 | $1,321+5.0% | $3,704-62.6% | $2,471-43.9% |
| Participant deferral / active EE | $3,692 | $2,420+52.6% | $3,499+5.5% | $3,740-1.3% |
| Admin fee / account holder | $3,104 | $3,984-22.1% | $6,684-53.6% | $5,306-41.5% |