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 | $73,891 | $71,883+2.8% | $86,677-14.8% | $68,494+7.9% |
| Participation rate | 80.5% | 72.2%+8.3pp | 76.6%+3.9pp | 67.9%+12.6pp |
| Annual return | -15.15% | 3.52%-18.7pp | 35.91%-51.1pp | -7.84%-7.3pp |
| Employer contribution / active EE | $867 | $2,173-60.1% | $2,836-69.4% | $2,596-66.6% |
| Participant deferral / active EE | $3,398 | $3,779-10.1% | $4,656-27.0% | $4,027-15.6% |
| Admin fee / account holder | $17,327 | $6,112+183.5% | $7,493+131.2% | $5,403+220.7% |