Filed May 25, 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 | $56,380 | $64,707-12.9% | $112,228-49.8% | $68,494-17.7% |
| Participation rate | 85.3% | 67.2%+18.1pp | 75.1%+10.2pp | 67.9%+17.4pp |
| Annual return | -19.15% | -11.40%-7.7pp | 27.45%-46.6pp | -7.84%-11.3pp |
| Employer contribution / active EE | $2,212 | $2,746-19.5% | $3,635-39.2% | $2,596-14.8% |
| Participant deferral / active EE | $5,039 | $3,565+41.4% | $4,728+6.6% | $4,027+25.1% |
| Admin fee / account holder | $8,225 | $5,232+57.2% | $6,410+28.3% | $5,403+52.2% |