Filed June 30, 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 | $61,465 | $65,703-6.4% | $94,224-34.8% | $59,632+3.1% |
| Participation rate | 88.9% | 72.1%+16.8pp | 78.8%+10.1pp | 68.7%+20.2pp |
| Annual return | 0.23% | 5.22%-5.0pp | 10.68%-10.5pp | 2041.28%-2041.1pp |
| Employer contribution / active EE | $1,982 | $2,021-1.9% | $3,587-44.7% | $2,203-10.0% |
| Participant deferral / active EE | $5,945 | $3,143+89.2% | $4,320+37.6% | $3,192+86.3% |
| Admin fee / account holder | $3,470 | $4,264-18.6% | $6,269-44.6% | $4,297-19.2% |