Filed July 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 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 | $117,666 | $52,681+123.4% | $75,781+55.3% | $59,632+97.3% |
| Participation rate | 98.7% | 67.2%+31.4pp | 75.8%+22.8pp | 68.7%+30.0pp |
| Annual return | 25.33% | 2.95%+22.4pp | 9.68%+15.7pp | 2041.28%-2015.9pp |
| Employer contribution / active EE | $5,169 | $2,193+135.7% | $3,323+55.5% | $2,203+134.7% |
| Participant deferral / active EE | $1,860 | $2,591-28.2% | $3,651-49.1% | $3,192-41.7% |
| Admin fee / account holder | $8,187 | $3,610+126.8% | $5,299+54.5% | $4,297+90.5% |