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 | $59,303 | $48,570+22.1% | $130,648-54.6% | $72,985-18.7% |
| Participation rate | 100.0% | 58.6%+41.4pp | 71.7%+28.3pp | 69.5%+30.5pp |
| Annual return | 20.02% | 38.63%-18.6pp | 1708.96%-1688.9pp | 81.00%-61.0pp |
| Employer contribution / active EE | $1,006 | $1,334-24.6% | $4,092-75.4% | $2,440-58.7% |
| Participant deferral / active EE | $6,616 | $2,384+177.6% | $3,603+83.6% | $3,607+83.4% |
| Admin fee / account holder | $8,121 | $3,549+128.8% | $5,464+48.6% | $5,124+58.5% |