Filed February 16, 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 | $25,355 | $73,981-65.7% | $105,722-76.0% | $62,891-59.7% |
| Participation rate | 98.6% | 71.7%+26.9pp | 78.9%+19.7pp | 69.3%+29.3pp |
| Annual return | 22.58% | 17.60%+5.0pp | 12.25%+10.3pp | 20.14%+2.4pp |
| Employer contribution / active EE | $7,695 | $2,856+169.4% | $4,079+88.6% | $2,281+237.4% |
| Participant deferral / active EE | $9,022 | $4,038+123.4% | $5,326+69.4% | $3,203+181.7% |
| Admin fee / account holder | $443 | $5,976-92.6% | $8,308-94.7% | $4,296-89.7% |