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 | $103,561 | $49,177+110.6% | $79,464+30.3% | $64,186+61.3% |
| Participation rate | 78.6% | 65.0%+13.5pp | 73.3%+5.2pp | 69.6%+9.0pp |
| Annual return | -5.91% | -1.16%-4.7pp | 718.14%-724.0pp | 7.63%-13.5pp |
| Employer contribution / active EE | $4,149 | $2,076+99.8% | $2,800+48.2% | $2,381+74.3% |
| Participant deferral / active EE | $3,894 | $2,821+38.0% | $3,704+5.1% | $3,470+12.2% |
| Admin fee / account holder | $8,705 | $3,839+126.8% | $5,113+70.2% | $4,888+78.1% |