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 | $239,637 | $72,277+231.6% | $101,248+136.7% | $79,858+200.1% |
| Participation rate | 76.9% | 68.5%+8.5pp | 75.8%+1.1pp | 69.6%+7.3pp |
| Annual return | 13.47% | 22.30%-8.8pp | 46.47%-33.0pp | 31.71%-18.2pp |
| Employer contribution / active EE | $3,107 | $2,692+15.5% | $3,660-15.1% | $2,471+25.8% |
| Participant deferral / active EE | $5,983 | $3,282+82.3% | $4,370+36.9% | $3,740+60.0% |
| Admin fee / account holder | $21,801 | $4,400+395.4% | $5,945+266.7% | $5,306+310.9% |