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 | $73,787-16.1% | $98,716-37.3% | $82,448-24.9% |
| Participation rate | 86.3% | 61.4%+24.8pp | 69.3%+17.0pp | 68.1%+18.2pp |
| Annual return | 14.26% | 18.57%-4.3pp | 31.81%-17.5pp | 41.64%-27.4pp |
| Employer contribution / active EE | $2,370 | $1,511+56.8% | $2,279+4.0% | $2,551-7.1% |
| Participant deferral / active EE | $4,239 | $3,081+37.6% | $4,048+4.7% | $4,139+2.4% |
| Admin fee / account holder | $4,388 | $6,500-32.5% | $8,703-49.6% | $7,234-39.3% |