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 | $102,501 | $82,523+24.2% | $115,752-11.4% | $70,131+46.2% |
| Participation rate | 75.9% | 74.0%+1.9pp | 77.8%-1.9pp | 69.5%+6.3pp |
| Annual return | 16.70% | 28.22%-11.5pp | 19.41%-2.7pp | 73.14%-56.4pp |
| Employer contribution / active EE | $1,364 | $2,758-50.6% | $3,492-61.0% | $2,342-41.8% |
| Participant deferral / active EE | $4,331 | $4,062+6.6% | $5,204-16.8% | $3,332+30.0% |
| Admin fee / account holder | $2,161 | $4,552-52.5% | $6,278-65.6% | $4,645-53.5% |