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 | $104,226 | $71,883+45.0% | $86,677+20.2% | $68,494+52.2% |
| Participation rate | 88.3% | 72.2%+16.1pp | 76.6%+11.8pp | 67.9%+20.4pp |
| Annual return | -16.59% | 3.52%-20.1pp | 35.91%-52.5pp | -7.84%-8.7pp |
| Employer contribution / active EE | $2,324 | $2,173+6.9% | $2,836-18.1% | $2,596-10.5% |
| Participant deferral / active EE | $6,769 | $3,779+79.1% | $4,656+45.4% | $4,027+68.1% |
| Admin fee / account holder | $6,733 | $6,112+10.2% | $7,493-10.1% | $5,403+24.6% |