Filed June 23, 2021
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 | $64,600 | $83,477-22.6% | $125,175-48.4% | $72,985-11.5% |
| Participation rate | 93.0% | 73.3%+19.7pp | 79.8%+13.2pp | 69.5%+23.5pp |
| Annual return | 23.16% | 25.78%-2.6pp | 43.79%-20.6pp | 81.00%-57.8pp |
| Employer contribution / active EE | $2,312 | $2,345-1.4% | $3,865-40.2% | $2,440-5.2% |
| Participant deferral / active EE | $7,268 | $3,585+102.7% | $4,937+47.2% | $3,607+101.5% |
| Admin fee / account holder | $3,924 | $5,517-28.9% | $9,702-59.6% | $5,124-23.4% |