Filed November 10, 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 | $52,729 | $43,723+20.6% | $121,196-56.5% | $64,186-17.8% |
| Participation rate | 100.0% | 58.3%+41.7pp | 71.7%+28.3pp | 69.6%+30.4pp |
| Annual return | 10.28% | 68.91%-58.6pp | 16.93%-6.6pp | 7.63%+2.7pp |
| Employer contribution / active EE | $828 | $1,296-36.1% | $4,022-79.4% | $2,381-65.2% |
| Participant deferral / active EE | $5,246 | $2,280+130.1% | $3,344+56.9% | $3,470+51.2% |
| Admin fee / account holder | $2,414 | $3,501-31.0% | $5,019-51.9% | $4,888-50.6% |