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 | $92,211 | $86,929+6.1% | $102,423-10.0% | $80,856+14.0% |
| Participation rate | 76.7% | 72.4%+4.3pp | 76.5%+0.2pp | 67.6%+9.1pp |
| Annual return | 13.12% | 18.88%-5.8pp | 29.32%-16.2pp | 35.59%-22.5pp |
| Employer contribution / active EE | $1,119 | $2,369-52.8% | $3,023-63.0% | $2,755-59.4% |
| Participant deferral / active EE | $4,342 | $4,118+5.4% | $5,053-14.1% | $4,296+1.1% |
| Admin fee / account holder | $3,354 | $8,049-58.3% | $9,451-64.5% | $6,918-51.5% |