Filed December 22, 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 | $88,752 | $49,915+77.8% | $154,803-42.7% | $74,304+19.4% |
| Participation rate | 71.1% | 54.0%+17.1pp | 78.1%-7.0pp | 60.3%+10.7pp |
| Annual return | 12.55% | 34.06%-21.5pp | 58.88%-46.3pp | 29.43%-16.9pp |
| Employer contribution / active EE | $2,711 | $1,611+68.3% | $4,305-37.0% | $2,241+21.0% |
| Participant deferral / active EE | $4,879 | $2,255+116.4% | $5,540-11.9% | $3,767+29.5% |
| Admin fee / account holder | $9,133 | $2,189+317.2% | $14,329-36.3% | $2,969+207.6% |