Filed February 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 | $142,668 | $181,894-21.6% | $156,549-8.9% | $273,961-47.9% |
| Participation rate | 100.0% | 88.4%+11.6pp | 84.0%+16.0pp | 83.0%+17.0pp |
| Annual return | 8.82% | 30.74%-21.9pp | 32.23%-23.4pp | 41.45%-32.6pp |
| Employer contribution / active EE | $6,094 | $6,248-2.5% | $5,501+10.8% | $4,869+25.2% |
| Participant deferral / active EE | $4,262 | $5,550-23.2% | $4,871-12.5% | $5,287-19.4% |
| Admin fee / account holder | $1,892 | $15,559-87.8% | $13,027-85.5% | $10,132-81.3% |