Filed September 4, 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 6-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 | $77,672 | $64,324+20.8% | $118,925-34.7% | $79,858-2.7% |
| Participation rate | 75.0% | 64.9%+10.1pp | 75.4%-0.4pp | 69.6%+5.4pp |
| Annual return | 14.94% | 86.45%-71.5pp | 35.88%-20.9pp | 31.71%-16.8pp |
| Employer contribution / active EE | $0 | $1,836-100.0% | $3,263-100.0% | $2,471-100.0% |
| Participant deferral / active EE | $3,206 | $2,824+13.5% | $4,265-24.8% | $3,740-14.3% |
| Admin fee / account holder | $1,740 | $4,040-56.9% | $6,581-73.6% | $5,306-67.2% |