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 | $100,326 | $90,503+10.9% | $78,689+27.5% | $273,961-63.4% |
| Participation rate | 95.8% | 76.5%+19.3pp | 73.6%+22.3pp | 83.0%+12.8pp |
| Annual return | 7.15% | 75.60%-68.5pp | 62.18%-55.0pp | 41.45%-34.3pp |
| Employer contribution / active EE | $5,210 | $3,176+64.0% | $2,851+82.8% | $4,869+7.0% |
| Participant deferral / active EE | $4,989 | $3,901+27.9% | $3,517+41.9% | $5,287-5.6% |
| Admin fee / account holder | $15,948 | $5,263+203.0% | $4,510+253.6% | $10,132+57.4% |