Filed February 13, 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 | $43,211 | $110,094-60.8% | $151,611-71.5% | $68,494-36.9% |
| Participation rate | 92.0% | 84.0%+8.0pp | 87.5%+4.5pp | 67.9%+24.1pp |
| Annual return | -17.03% | -10.12%-6.9pp | 3.33%-20.4pp | -7.84%-9.2pp |
| Employer contribution / active EE | $2,471 | $4,471-44.7% | $6,166-59.9% | $2,596-4.8% |
| Participant deferral / active EE | $5,867 | $6,527-10.1% | $8,363-29.8% | $4,027+45.7% |
| Admin fee / account holder | $332 | $7,719-95.7% | $11,616-97.1% | $5,403-93.9% |