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 | $70,275 | $97,044-27.6% | $83,333-15.7% | $135,375-48.1% |
| Participation rate | 87.5% | 80.4%+7.1pp | 77.8%+9.7pp | 82.6%+4.9pp |
| Annual return | -3.25% | 12.31%-15.6pp | 10.63%-13.9pp | 519.73%-523.0pp |
| Employer contribution / active EE | $3,023 | $4,143-27.0% | $3,379-10.5% | $4,779-36.8% |
| Participant deferral / active EE | $7,539 | $5,964+26.4% | $5,565+35.5% | $5,609+34.4% |
| Admin fee / account holder | $4,217 | $8,380-49.7% | $7,510-43.9% | $10,827-61.1% |