Filed September 11, 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 | $108,059 | $45,152+139.3% | $73,843+46.3% | $59,632+81.2% |
| Participation rate | 84.6% | 64.0%+20.6pp | 73.4%+11.2pp | 68.7%+15.9pp |
| Annual return | 0.48% | 27.40%-26.9pp | 2267.84%-2267.4pp | 2041.28%-2040.8pp |
| Employer contribution / active EE | $4,474 | $1,902+135.3% | $2,787+60.5% | $2,203+103.1% |
| Participant deferral / active EE | $4,921 | $2,574+91.2% | $3,583+37.3% | $3,192+54.2% |
| Admin fee / account holder | $18,330 | $3,516+421.3% | $4,880+275.6% | $4,297+326.6% |