Filed March 31, 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 | $61,934 | $74,927-17.3% | $101,794-39.2% | $84,808-27.0% |
| Participation rate | 86.3% | 61.4%+24.8pp | 69.2%+17.1pp | 68.3%+17.9pp |
| Annual return | 14.26% | 18.70%-4.4pp | 30.53%-16.3pp | 40.90%-26.6pp |
| Employer contribution / active EE | $2,370 | $1,522+55.7% | $2,289+3.5% | $2,631-9.9% |
| Participant deferral / active EE | $4,239 | $3,099+36.8% | $4,084+3.8% | $4,212+0.6% |
| Admin fee / account holder | $4,388 | $6,514-32.6% | $8,777-50.0% | $7,344-40.2% |