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 | $81,892 | $56,357+45.3% | $104,294-21.5% | $68,494+19.6% |
| Participation rate | 77.8% | 63.3%+14.5pp | 73.3%+4.5pp | 67.9%+9.9pp |
| Annual return | -15.25% | -9.19%-6.1pp | 24.61%-39.9pp | -7.84%-7.4pp |
| Employer contribution / active EE | $0 | $1,960-100.0% | $3,372-100.0% | $2,596-100.0% |
| Participant deferral / active EE | $4,807 | $3,077+56.2% | $4,625+3.9% | $4,027+19.4% |
| Admin fee / account holder | $2,409 | $4,903-50.9% | $7,339-67.2% | $5,403-55.4% |