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 | $79,556 | $80,968-1.7% | $96,544-17.6% | $75,163+5.8% |
| Participation rate | 77.6% | 71.8%+5.9pp | 76.0%+1.7pp | 67.2%+10.4pp |
| Annual return | 17.70% | 27.06%-9.4pp | 25.84%-8.1pp | 160.62%-142.9pp |
| Employer contribution / active EE | $977 | $2,282-57.2% | $2,965-67.0% | $2,670-63.4% |
| Participant deferral / active EE | $3,776 | $3,928-3.9% | $4,851-22.2% | $4,125-8.5% |
| Admin fee / account holder | $10,054 | $6,724+49.5% | $8,252+21.8% | $5,651+77.9% |