Filed July 15, 2020
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 9-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 | $25,227 | $63,764-60.4% | $81,930-69.2% | $79,858-68.4% |
| Participation rate | 89.1% | 67.5%+21.6pp | 72.0%+17.1pp | 69.6%+19.5pp |
| Annual return | 16.45% | 22.66%-6.2pp | 29.49%-13.0pp | 31.71%-15.3pp |
| Employer contribution / active EE | $2,322 | $1,795+29.3% | $4,310-46.1% | $2,471-6.0% |
| Participant deferral / active EE | $4,901 | $2,780+76.2% | $7,107-31.0% | $3,740+31.0% |
| Admin fee / account holder | $1,256 | $4,426-71.6% | $5,158-75.7% | $5,306-76.3% |