Filed April 20, 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 | $44,571 | $49,177-9.4% | $79,464-43.9% | $64,186-30.6% |
| Participation rate | 89.8% | 65.0%+24.8pp | 73.3%+16.4pp | 69.6%+20.2pp |
| Annual return | -5.74% | -1.16%-4.6pp | 718.14%-723.9pp | 7.63%-13.4pp |
| Employer contribution / active EE | $3,820 | $2,076+84.0% | $2,800+36.4% | $2,381+60.4% |
| Participant deferral / active EE | $3,621 | $2,821+28.3% | $3,704-2.2% | $3,470+4.4% |
| Admin fee / account holder | $3,904 | $3,839+1.7% | $5,113-23.6% | $4,888-20.1% |