Filed April 28, 2020
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 | $45,745 | $153,772-70.3% | $133,980-65.9% | $273,961-83.3% |
| Participation rate | 93.3% | 88.4%+5.0pp | 87.1%+6.3pp | 83.0%+10.3pp |
| Annual return | 5.79% | 36.51%-30.7pp | 29.30%-23.5pp | 41.45%-35.7pp |
| Employer contribution / active EE | $3,766 | $6,029-37.5% | $5,211-27.7% | $4,869-22.6% |
| Participant deferral / active EE | $2,687 | $6,958-61.4% | $6,282-57.2% | $5,287-49.2% |
| Admin fee / account holder | $1,799 | $11,765-84.7% | $9,324-80.7% | $10,132-82.2% |