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 | $99,355 | $72,492+37.1% | $87,100+14.1% | $72,985+36.1% |
| Participation rate | 81.2% | 72.8%+8.3pp | 76.9%+4.3pp | 69.5%+11.7pp |
| Annual return | 22.97% | 24.46%-1.5pp | 28.19%-5.2pp | 81.00%-58.0pp |
| Employer contribution / active EE | $874 | $1,894-53.8% | $2,521-65.3% | $2,440-64.2% |
| Participant deferral / active EE | $3,363 | $3,270+2.9% | $4,049-16.9% | $3,607-6.8% |
| Admin fee / account holder | $3,199 | $5,055-36.7% | $7,497-57.3% | $5,124-37.6% |