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 | $58,106 | $54,762+6.1% | $90,281-35.6% | $72,985-20.4% |
| Participation rate | 100.0% | 65.1%+34.9pp | 73.3%+26.7pp | 69.5%+30.5pp |
| Annual return | 28.07% | 30.63%-2.6pp | 78.10%-50.0pp | 81.00%-52.9pp |
| Employer contribution / active EE | $3,514 | $2,092+67.9% | $2,854+23.1% | $2,440+44.0% |
| Participant deferral / active EE | $6,851 | $2,887+137.3% | $3,885+76.3% | $3,607+89.9% |
| Admin fee / account holder | $3,027 | $3,972-23.8% | $5,351-43.4% | $5,124-40.9% |