Filed May 22, 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 | $83,716 | $72,114+16.1% | $108,745-23.0% | $62,891+33.1% |
| Participation rate | 88.0% | 74.6%+13.4pp | 77.7%+10.3pp | 69.3%+18.7pp |
| Annual return | 6.44% | 13.41%-7.0pp | 46.22%-39.8pp | 20.14%-13.7pp |
| Employer contribution / active EE | $1,627 | $2,694-39.6% | $3,323-51.0% | $2,281-28.7% |
| Participant deferral / active EE | $5,085 | $4,044+25.7% | $5,121-0.7% | $3,203+58.8% |
| Admin fee / account holder | $7,749 | $4,608+68.2% | $6,144+26.1% | $4,296+80.4% |