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 | $74,243 | $68,547+8.3% | $120,354-38.3% | $80,856-8.2% |
| Participation rate | 80.5% | 61.6%+18.9pp | 71.9%+8.6pp | 67.6%+12.8pp |
| Annual return | 11.62% | 23.60%-12.0pp | 107.15%-95.5pp | 35.59%-24.0pp |
| Employer contribution / active EE | $0 | $2,051-100.0% | $3,463-100.0% | $2,755-100.0% |
| Participant deferral / active EE | $3,902 | $3,173+23.0% | $4,991-21.8% | $4,296-9.2% |
| Admin fee / account holder | $18,565 | $5,732+223.9% | $9,423+97.0% | $6,918+168.4% |