Filed July 21, 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 | $49,561 | $53,127-6.7% | $86,590-42.8% | $70,131-29.3% |
| Participation rate | 100.0% | 65.3%+34.7pp | 73.5%+26.5pp | 69.5%+30.5pp |
| Annual return | 16.60% | 27.66%-11.1pp | 964.84%-948.2pp | 73.14%-56.5pp |
| Employer contribution / active EE | $3,853 | $2,068+86.3% | $2,839+35.7% | $2,342+64.5% |
| Participant deferral / active EE | $7,088 | $2,696+162.9% | $3,609+96.4% | $3,332+112.7% |
| Admin fee / account holder | $17,882 | $3,585+398.7% | $4,906+264.5% | $4,645+284.9% |