Filed April 14, 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 | $53,932 | $52,884+2.0% | $84,750-36.4% | $55,167-2.2% |
| Participation rate | 80.3% | 67.5%+12.8pp | 76.6%+3.7pp | 69.0%+11.3pp |
| Annual return | 5.28% | 18.03%-12.8pp | 22.78%-17.5pp | 169.23%-163.9pp |
| Employer contribution / active EE | $2,813 | $2,233+26.0% | $3,574-21.3% | $1,963+43.4% |
| Participant deferral / active EE | $3,797 | $2,644+43.6% | $3,712+2.3% | $3,054+24.3% |
| Admin fee / account holder | $12,529 | $581+2057.7% | $5,332+135.0% | $504+2386.5% |