Filed October 17, 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 | $163,041 | $57,354+184.3% | $83,848+94.4% | $64,186+154.0% |
| Participation rate | 91.7% | 68.6%+23.1pp | 76.1%+15.5pp | 69.6%+22.1pp |
| Annual return | -6.89% | 11.38%-18.3pp | 850.88%-857.8pp | 7.63%-14.5pp |
| Employer contribution / active EE | $3,139 | $2,545+23.3% | $3,631-13.5% | $2,381+31.9% |
| Participant deferral / active EE | $5,856 | $2,993+95.7% | $4,082+43.5% | $3,470+68.8% |
| Admin fee / account holder | $4,234 | $4,046+4.7% | $5,478-22.7% | $4,888-13.4% |