Filed August 3, 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 | $12,016 | $35,183-65.8% | $73,545-83.7% | $70,131-82.9% |
| Participation rate | 87.9% | 42.9%+44.9pp | 54.9%+32.9pp | 69.5%+18.3pp |
| Annual return | 16.14% | 26.90%-10.8pp | -15.16%+31.3pp | 73.14%-57.0pp |
| Employer contribution / active EE | $1,091 | $709+53.9% | $1,219-10.5% | $2,342-53.4% |
| Participant deferral / active EE | $1,817 | $1,220+49.0% | $1,806+0.6% | $3,332-45.5% |
| Admin fee / account holder | $609 | $2,302-73.6% | $2,320-73.8% | $4,645-86.9% |