Filed June 2, 2020
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 | $215,207 | $60,349+256.6% | $74,183+190.1% | $62,891+242.2% |
| Participation rate | 89.2% | 72.7%+16.5pp | 76.6%+12.6pp | 69.3%+19.9pp |
| Annual return | 7.10% | 21.37%-14.3pp | 17.74%-10.6pp | 20.14%-13.0pp |
| Employer contribution / active EE | $9,959 | $1,680+492.8% | $2,370+320.2% | $2,281+336.6% |
| Participant deferral / active EE | $6,656 | $2,856+133.0% | $3,550+87.5% | $3,203+107.8% |
| Admin fee / account holder | $3,373 | $4,261-20.8% | $5,586-39.6% | $4,296-21.5% |