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 | $88,672+80.0% | $105,223+51.7% | $82,448+93.6% |
| Participation rate | 96.7% | 67.9%+28.7pp | 75.0%+21.6pp | 68.1%+28.6pp |
| Annual return | 15.77% | 30.86%-15.1pp | 180.65%-164.9pp | 41.64%-25.9pp |
| Employer contribution / active EE | $4,199 | $3,048+37.8% | $3,689+13.8% | $2,551+64.6% |
| Participant deferral / active EE | $7,859 | $4,036+94.7% | $5,072+55.0% | $4,139+89.9% |
| Admin fee / account holder | $1,345 | $7,146-81.2% | $8,859-84.8% | $7,234-81.4% |