Filed May 26, 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 | $88,332 | $109,359-19.2% | $162,163-45.5% | $72,985+21.0% |
| Participation rate | 100.0% | 84.3%+15.7pp | 87.6%+12.4pp | 69.5%+30.5pp |
| Annual return | 25.41% | 25.46%-0.1pp | 115.59%-90.2pp | 81.00%-55.6pp |
| Employer contribution / active EE | $2,798 | $3,907-28.4% | $5,614-50.2% | $2,440+14.7% |
| Participant deferral / active EE | $4,291 | $5,481-21.7% | $7,298-41.2% | $3,607+19.0% |
| Admin fee / account holder | $6,440 | $7,972-19.2% | $10,843-40.6% | $5,124+25.7% |