Filed January 24, 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 5-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 | $120,281 | $123,793-2.8% | $177,821-32.4% | $79,858+50.6% |
| Participation rate | 89.3% | 84.7%+4.7pp | 87.7%+1.6pp | 69.6%+19.7pp |
| Annual return | 23.74% | 22.82%+0.9pp | 48.32%-24.6pp | 31.71%-8.0pp |
| Employer contribution / active EE | $1,931 | $4,095-52.8% | $5,918-67.4% | $2,471-21.8% |
| Participant deferral / active EE | $3,939 | $5,956-33.9% | $7,714-48.9% | $3,740+5.3% |
| Admin fee / account holder | $2,709 | $7,243-62.6% | $12,427-78.2% | $5,306-49.0% |