Filed January 18, 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 | $128,085 | $72,492+76.7% | $87,100+47.1% | $72,985+75.5% |
| Participation rate | 95.9% | 72.8%+23.1pp | 76.9%+19.0pp | 69.5%+26.4pp |
| Annual return | 17.15% | 24.46%-7.3pp | 28.19%-11.0pp | 81.00%-63.9pp |
| Employer contribution / active EE | $2,390 | $1,894+26.2% | $2,521-5.2% | $2,440-2.0% |
| Participant deferral / active EE | $6,509 | $3,270+99.1% | $4,049+60.8% | $3,607+80.4% |
| Admin fee / account holder | $7,949 | $5,055+57.3% | $7,497+6.0% | $5,124+55.1% |