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 | $122,265 | $60,124+103.4% | $90,404+35.2% | $79,858+53.1% |
| Participation rate | 94.1% | 65.0%+29.1pp | 72.7%+21.4pp | 69.6%+24.5pp |
| Annual return | 22.39% | 71.94%-49.6pp | 1293.02%-1270.6pp | 31.71%-9.3pp |
| Employer contribution / active EE | $4,687 | $2,068+126.7% | $3,262+43.7% | $2,471+89.7% |
| Participant deferral / active EE | $4,439 | $2,938+51.1% | $3,963+12.0% | $3,740+18.7% |
| Admin fee / account holder | $3,541 | $3,976-10.9% | $5,611-36.9% | $5,306-33.3% |