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 | $97,401 | $58,208+67.3% | $81,812+19.1% | $80,856+20.5% |
| Participation rate | 93.9% | 63.4%+30.5pp | 72.3%+21.5pp | 67.6%+26.2pp |
| Annual return | 19.61% | 41.66%-22.0pp | 773.79%-754.2pp | 35.59%-16.0pp |
| Employer contribution / active EE | $4,883 | $2,340+108.7% | $2,912+67.7% | $2,755+77.3% |
| Participant deferral / active EE | $9,659 | $3,281+194.4% | $4,319+123.7% | $4,296+124.9% |
| Admin fee / account holder | $2,021 | $4,981-59.4% | $7,386-72.6% | $6,918-70.8% |