Filed March 23, 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 | $69,678 | $57,354+21.5% | $83,848-16.9% | $64,186+8.6% |
| Participation rate | 73.1% | 68.6%+4.5pp | 76.1%-3.1pp | 69.6%+3.5pp |
| Annual return | -4.32% | 11.38%-15.7pp | 850.88%-855.2pp | 7.63%-11.9pp |
| Employer contribution / active EE | $3,102 | $2,545+21.9% | $3,631-14.6% | $2,381+30.3% |
| Participant deferral / active EE | $6,521 | $2,993+117.9% | $4,082+59.8% | $3,470+88.0% |
| Admin fee / account holder | $14,326 | $4,046+254.1% | $5,478+161.5% | $4,888+193.1% |