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 | $172,330 | $110,094+56.5% | $151,611+13.7% | $68,494+151.6% |
| Participation rate | 87.1% | 84.0%+3.1pp | 87.5%-0.4pp | 67.9%+19.2pp |
| Annual return | -17.54% | -10.12%-7.4pp | 3.33%-20.9pp | -7.84%-9.7pp |
| Employer contribution / active EE | $10,127 | $4,471+126.5% | $6,166+64.2% | $2,596+290.1% |
| Participant deferral / active EE | $15,641 | $6,527+139.6% | $8,363+87.0% | $4,027+288.4% |
| Admin fee / account holder | $9,343 | $7,719+21.0% | $11,616-19.6% | $5,403+72.9% |