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 | $58,986 | $96,557-38.9% | $80,975-27.2% | $273,961-78.5% |
| Participation rate | 82.4% | 79.1%+3.3pp | 75.8%+6.5pp | 83.0%-0.7pp |
| Annual return | 4.22% | 15.14%-10.9pp | 17.10%-12.9pp | 41.45%-37.2pp |
| Employer contribution / active EE | $2,997 | $4,868-38.4% | $3,714-19.3% | $4,869-38.4% |
| Participant deferral / active EE | $7,190 | $6,598+9.0% | $5,696+26.2% | $5,287+36.0% |
| Admin fee / account holder | $3,208 | $7,492-57.2% | $5,516-41.8% | $10,132-68.3% |