Filed July 7, 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 | $73,422 | $62,586+17.3% | $76,768-4.4% | $64,186+14.4% |
| Participation rate | 80.3% | 72.8%+7.5pp | 77.0%+3.3pp | 69.6%+10.7pp |
| Annual return | -7.46% | -1.95%-5.5pp | 2.43%-9.9pp | 7.63%-15.1pp |
| Employer contribution / active EE | $844 | $1,832-53.9% | $2,485-66.0% | $2,381-64.6% |
| Participant deferral / active EE | $3,173 | $3,145+0.9% | $3,852-17.6% | $3,470-8.5% |
| Admin fee / account holder | $1,070 | $4,667-77.1% | $6,675-84.0% | $4,888-78.1% |