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 | $153,842 | $48,076+220.0% | $78,689+95.5% | $62,891+144.6% |
| Participation rate | 76.7% | 65.2%+11.5pp | 73.6%+3.1pp | 69.3%+7.4pp |
| Annual return | 14.14% | 31.35%-17.2pp | 62.18%-48.0pp | 20.14%-6.0pp |
| Employer contribution / active EE | $2,279 | $2,015+13.1% | $2,851-20.1% | $2,281-0.1% |
| Participant deferral / active EE | $5,799 | $2,588+124.1% | $3,517+64.9% | $3,203+81.1% |
| Admin fee / account holder | $5,498 | $3,207+71.4% | $4,510+21.9% | $4,296+28.0% |