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 3-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 | $217,320 | $53,516+306.1% | $126,539+71.7% | $84,808+156.3% |
| Participation rate | 92.0% | 58.2%+33.8pp | 69.8%+22.2pp | 68.3%+23.7pp |
| Annual return | 77.04% | 58.34%+18.7pp | 425.95%-348.9pp | 40.90%+36.1pp |
| Employer contribution / active EE | $13,553 | $1,535+783.1% | $3,674+268.9% | $2,631+415.1% |
| Participant deferral / active EE | $0 | $2,671-100.0% | $4,083-100.0% | $4,212-100.0% |
| Admin fee / account holder | $12,238 | $4,497+172.2% | $6,065+101.8% | $7,344+66.6% |