Filed May 19, 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 4-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 | $43,400 | $45,566-4.8% | $64,105-32.3% | $59,632-27.2% |
| Participation rate | 91.3% | 60.2%+31.1pp | 68.2%+23.1pp | 68.7%+22.6pp |
| Annual return | 0.41% | 4.95%-4.5pp | 791.24%-790.8pp | 2041.28%-2040.9pp |
| Employer contribution / active EE | $1,780 | $934+90.5% | $1,820-2.2% | $2,203-19.2% |
| Participant deferral / active EE | $3,013 | $2,057+46.5% | $2,822+6.8% | $3,192-5.6% |
| Admin fee / account holder | $5,603 | $3,268+71.5% | $4,499+24.5% | $4,297+30.4% |