Filed February 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 | $84,209 | $109,359-23.0% | $162,163-48.1% | $72,985+15.4% |
| Participation rate | 89.3% | 84.3%+5.0pp | 87.6%+1.7pp | 69.5%+19.8pp |
| Annual return | 24.81% | 25.46%-0.7pp | 115.59%-90.8pp | 81.00%-56.2pp |
| Employer contribution / active EE | $8,983 | $3,907+129.9% | $5,614+60.0% | $2,440+268.2% |
| Participant deferral / active EE | $14,384 | $5,481+162.4% | $7,298+97.1% | $3,607+298.7% |
| Admin fee / account holder | $745 | $7,972-90.7% | $10,843-93.1% | $5,124-85.5% |