Filed February 7, 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 | $50,559 | $86,699-41.7% | $73,307-31.0% | $125,391-59.7% |
| Participation rate | 72.2% | 78.6%-6.4pp | 74.9%-2.7pp | 83.2%-11.0pp |
| Annual return | 0.58% | 2.78%-2.2pp | 5.67%-5.1pp | 282.22%-281.6pp |
| Employer contribution / active EE | $2,326 | $4,152-44.0% | $3,237-28.1% | $4,866-52.2% |
| Participant deferral / active EE | $6,467 | $5,550+16.5% | $4,991+29.6% | $5,352+20.8% |
| Admin fee / account holder | $575 | $7,771-92.6% | $5,637-89.8% | $9,540-94.0% |