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 | $116,605 | $86,929+34.1% | $102,423+13.8% | $80,856+44.2% |
| Participation rate | 91.3% | 72.4%+18.9pp | 76.5%+14.8pp | 67.6%+23.6pp |
| Annual return | 16.05% | 18.88%-2.8pp | 29.32%-13.3pp | 35.59%-19.5pp |
| Employer contribution / active EE | $2,560 | $2,369+8.0% | $3,023-15.3% | $2,755-7.1% |
| Participant deferral / active EE | $7,593 | $4,118+84.4% | $5,053+50.3% | $4,296+76.8% |
| Admin fee / account holder | $4,646 | $8,049-42.3% | $9,451-50.8% | $6,918-32.8% |