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 | $47,981 | $72,404-33.7% | $110,238-56.5% | $64,186-25.2% |
| Participation rate | 94.1% | 73.3%+20.8pp | 79.8%+14.3pp | 69.6%+24.5pp |
| Annual return | -4.55% | -6.29%+1.7pp | 314.74%-319.3pp | 7.63%-12.2pp |
| Employer contribution / active EE | $2,216 | $2,282-2.9% | $3,826-42.1% | $2,381-6.9% |
| Participant deferral / active EE | $5,871 | $3,469+69.2% | $4,672+25.7% | $3,470+69.2% |
| Admin fee / account holder | $22,287 | $5,664+293.5% | $8,547+160.7% | $4,888+355.9% |