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 | $160,982 | $53,516+200.8% | $126,539+27.2% | $84,808+89.8% |
| Participation rate | 81.5% | 58.2%+23.2pp | 69.8%+11.7pp | 68.3%+13.2pp |
| Annual return | 14.15% | 58.34%-44.2pp | 425.95%-411.8pp | 40.90%-26.7pp |
| Employer contribution / active EE | $2,743 | $1,535+78.7% | $3,674-25.3% | $2,631+4.3% |
| Participant deferral / active EE | $5,446 | $2,671+103.9% | $4,083+33.4% | $4,212+29.3% |
| Admin fee / account holder | $2,913 | $4,497-35.2% | $6,065-52.0% | $7,344-60.3% |