Filed September 19, 2019
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 | $21,243 | $56,897-62.7% | $84,750-74.9% | $62,891-66.2% |
| Participation rate | 90.5% | 68.5%+22.0pp | 76.6%+14.0pp | 69.3%+21.2pp |
| Annual return | 5.44% | 6.30%-0.9pp | 22.78%-17.3pp | 20.14%-14.7pp |
| Employer contribution / active EE | $542 | $2,400-77.4% | $3,574-84.8% | $2,281-76.2% |
| Participant deferral / active EE | $2,306 | $2,709-14.9% | $3,712-37.9% | $3,203-28.0% |
| Admin fee / account holder | $5,145 | $3,581+43.7% | $5,332-3.5% | $4,296+19.8% |