Filed September 19, 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 | $159,620 | $89,753+77.8% | $107,525+48.4% | $84,808+88.2% |
| Participation rate | 96.7% | 68.1%+28.6pp | 75.1%+21.6pp | 68.3%+28.4pp |
| Annual return | 15.77% | 29.48%-13.7pp | 181.32%-165.6pp | 40.90%-25.1pp |
| Employer contribution / active EE | $4,199 | $3,113+34.9% | $3,754+11.9% | $2,631+59.6% |
| Participant deferral / active EE | $7,859 | $4,056+93.8% | $5,116+53.6% | $4,212+86.6% |
| Admin fee / account holder | $1,345 | $7,222-81.4% | $8,919-84.9% | $7,344-81.7% |