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 | $79,831 | $72,277+10.5% | $101,248-21.2% | $79,8580% |
| Participation rate | 80.6% | 68.5%+12.2pp | 75.8%+4.8pp | 69.6%+11.0pp |
| Annual return | 16.51% | 22.30%-5.8pp | 46.47%-30.0pp | 31.71%-15.2pp |
| Employer contribution / active EE | $3,903 | $2,692+45.0% | $3,660+6.7% | $2,471+58.0% |
| Participant deferral / active EE | $8,203 | $3,282+150.0% | $4,370+87.7% | $3,740+119.3% |
| Admin fee / account holder | $18,127 | $4,400+311.9% | $5,945+204.9% | $5,306+241.6% |